Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In healthcare finance, is revenue considered the charges for the visits and services or is it the payments received for those visits and services? I
In healthcare finance, is revenue considered the charges for the visits and services or is it the payments received for those visits and services?
I was under the impression that it was gross charges minus the contractual allowances (what I'm expecting to receive), but I'm now being told that revenue is actually reimbursement/payments that we have already received fir thise services, which I understood to be income. Can you please clarify?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started