Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Queens Hospital provided all patients during 2016 for the total amount of $100,000 a the hospital based on the established billing rates. $10,000 of

The Queens Hospital provided all patients during 2016 for the total amount of $100,000 a the hospital based on the established billing rates. $10,000 of the $100,000 is service the QH provided to Queen's Senior Center for Covid 19 treatment which it has no intend to collect. 70% of the service are provided to patients covered by HMO. Based on the contracted rates with HMO, the hospital expects to collect 100% of this amount. Due to the current economic conditions, it expects that 20% of the amount billed to uninsured patient will be collected. What is the gross patient care revenue? $100,000 $90,000 $76,000 $70,000

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

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

More Books

Students also viewed these Accounting questions

Question

=+for the shareholder of the acquiring company?

Answered: 1 week ago

Question

=+for the shareholder of the acquired company?

Answered: 1 week ago

Question

=+for the acquired company?

Answered: 1 week ago