The answer should be Not recorded as revenues and the costs are expensed, but it is not available, so the answer is:
a) Charitable care policies are disclosed in the notes of the financial statements.
How does a health care organization account for services provided for charity care? Charitable care policies...
Which of the following statements is correct about “charity care” provided by nonprofit hospitals? (“The hospital does not expect payment for this care) Hospitals record both a revenue and a bad debt expense for charity care, at the typical amounts it would have charged for these services Hospitals record both a revenue and a program service expense for charity care, at the typical amounts it would have charged for these services No revenue and no bad debt expense is recorded...
Health care services vary given a geographical location of an organization. All services are may not be provided in one area, furthermore, patients often must travel to obtain services whom live in rural areas. For example, according to Spasojevic, Vasilj, Hrabac, & Celik (2015), rural residents are more likely to travel more than 15 minutes to see their health facilities compared with urban residents. Based on the course readings and your own research discuss/answer the following: How does ancillary services...
no screenshots please. Health care services vary given a geographical location of an organization. All services are may not be provided in one area, furthermore, patients often must travel to obtain services whom live in rural areas. For example, according to Spasojevic, Vasilj, Hrabac, & Celik (2015), rural residents are more likely to travel more than 15 minutes to see their health facilities compared with urban residents. Based on the course readings and your own research discuss/answer the following: How...
How does health care financing affect the services that health care professionals provide?
1. In a not-for-profit organization, donations received for a particular purpose are recorded as Net Assets without donor restrictions. Donations that are cannot be spent, but the earnings can be are referred to as Net Assets without donor restrictions. Profits and donations with no donor specifications are referred to as Net Assets with donor restrictions. True or False? 2.The Excess of Revenues over Expenses focuses on operating activities, while the Increase in Net Assets without Donor Restrictions includes non-operating changes...
Departmental Cost Allocation; Not-for-Profit The Fleming Foundation is a charitable organization founded by Gaylord Fleming and Sandy Fleming. The Flemings intended for the charity to provide programs in health care for the elderly, particularly those in poverty. The two main program divisions of the foundation are mental health for the elderly and housing for the elderly. In addition to these programs, the Foundation also provides health care educational programs and has a significant fund-raising effort to help the Foundation grow and...
need help with defining how financial statements termed differently in a not-for-profit health care organization versus a proprietary healthcare organization.
In a nonprofit, nongovernmental hospital, courtesy allowances are charity care services. revenue deductions. expenses. revenues earned even if the standard charge is above or below the allowance. 3.75 points QUESTION 3 The key focus of government fund accounting concerns the current ability to provide and fund services and goods. capital expenditures. income measurement. intergovernmental transfers from the general fund. 3.75 points QUESTION 4 Voluntary health and welfare organizations are supported by, and provide voluntary services to, the public....
As a financial manager in a health care organization, it is very important to understand the regulatory and legal environment as it dictates insurance laws payment regulations, delivery of service and communication with federal and state agencies. Assignment 1. From a financial point of view how does fee for service payments under Medicare differ from fee for services from traditional indemnity? Assignment 2. Discuss what is a corporate compliance plan. List the risks of the Health Care Organisation not complying...
How do the financial considerations of a health care organization relate to its strategies to improve and sustain quality care?