Question
Question 8 Menlo Hospital has the following accounts receivable aging schedule: Current ( < 30 days) 31-60 days due 61+ days due Medicare/Medicaid 420,000 230,000
Question 8 Menlo Hospital has the following accounts receivable aging schedule:
|
| Current (< 30 days) | 31-60 days due | 61+ days due |
| Medicare/Medicaid
| 420,000 | 230,000 | 325,000 |
| Out-of-Pocket
| 250,000 | 110,000 | 4,500,000 |
| Private Insurance
| 1,250,000 | 265,000 | 150,000 |
a. Which accounts receivable(s) appear to be the most problematic for Menlo? Why?
b. Circle either MORE or LESS in the sentence below: The older the account receivable, the MORE / LESS likely it will be collected.
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
4th Edition
1567932800, 978-1567932805
