Healthcare & College Flashcards
1
Q
Patient Revenues
A
+ Premium fees: based on agreement to provide services for a specific fee
+ Resident service fees: equipment rentals
+ Other revenues: shit from nonpatients like meals for visitors
- charity services
- contractual adjustments
- uncollectible ammounts
2
Q
Contractual Adjustment J/E
A
Contractual Adjustments
———-Accounts Receivable
3
Q
Hospital Financial Statements
A
- Statement of financial position
- Statement of activities
- Statement of cash flows
4
Q
Government Hospital Funds
A
- Unrestricted General Fund
- Donor Restricted fund
specific purpose fund
plant replacement and expansion fund
endowment fund
5
Q
Charity care
A
- Charity care represents healthcare services that are provided but are never expected to result in cash flows
- Therefore don’t qualify to recognize receivables so they do not include allowance accounts/bad debt
6
Q
Plant Fund
A
Accounts for fixed assets
