Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gamma Hospital provided services amounting to $20 mallion at its established bitling rates in its calendar year ended December 31 , included in the $20

image text in transcribed
Gamma Hospital provided services amounting to $20 mallion at its established bitling rates in its calendar year ended December 31 , included in the $20 million were services of $16 million to Medicare patients. Medicare paid Gamma at 55 percent of Gammas establiched rates, Also included in the $20 milion were $4 million of services to self-pay patients who did not meet Gammas criteria for charity care when admitted. Gamma collected $3 o milion from the self-pay patients during the year and estimated that 35 percent of the uncollected amount would not be collected. What anount should Gimma report as patient service revenue in its financial statements atyear end? Select one: a. $11 bo mulion b. $12.80 million c. $20,00 million d. 512.45 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modeling And Designing Accounting Systems Using Access To Build A Database

Authors: Laura R. Ingraham, C. Janie Chang

1st Edition

0471450871, 978-0471450870

More Books

Students also viewed these Accounting questions

Question

Find the sum of squares of the deviations from the mean.

Answered: 1 week ago

Question

4.6 Summarize job design concepts.

Answered: 1 week ago

Question

4.5 Explain what competencies and competency modeling are.

Answered: 1 week ago