Explain the difference between gross medical services revenue and net medical services revenue

Q: ost effective care to patients?

A: In the United States, managed care or managed health care refers to a set of actions aimed at…

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: What is a contractual adjustment? Choose the correct.a. An increase in a patient’s charges caused by…

A: Contractual adjustment is a reduction in patient service revenues caused by agreements with…

Q: How does Medicare reimburse physician services?

A: Reimbursement is the process of paying back someone the expenses that they have incurred initially.…

Q: Students may wish to refer to the chapters on the introduction to the revenue cycle and patient…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 4a Describe the resource-based relative value scale payment method used by Medicare to reimburse…

A: The Centers for Medicare & Medicaid Services (CMS) and the majority of other payers implement…

Q: In accruing patient charges for the current month, which one of the following accounts should a…

A: The correct option  with proper explanation are as follows

Q: Describe the unique aspects of accounting for health care entities.

A: Accounting:   It refers to recording the financial transaction of an organization and presenting the…

Q: Define the key elements of prospective payment and its impact on health care at a facility.

A: A Prospective Payment System (PPS) is a reimbursement method in which a predetermined,fixed amount…

Q: Prepare the Receipts and Payment account of Sigma Hospital from the following information:

A: The receipt and payment account serves as an overview of an organization's cash receipts and…

Q: How might the structure and roles of finance departments in different healthcare settings differ?…

A: The role of healthcare financial department in the health care settings are different in accordance…

Q: WHAT IS THE TOTAL GENERAL AND ADMINISTRAVE EXPENSES?

A: The administration expenses are related to funciton of business but not directly or indirectly…

Q: Please state how does health insurance relate to financial math. 2 paragraphs minimum.

A: Process for the management risk are actually have the highly quantitative as well as mathematics.…

Q: ____________________entities would consider portions of the AICPA Audit and Accounting Guide: Health…

A: The Answer :

Q: Explain the differences between a collision deductible and a health insurance deductible

A: Collision insurance is usually done for vehicles and covers collision with other vehicle, or…

Q: Why is financial ratio analysis crucial for understanding the financial position of a healthcare…

A: Importance of financial ratios for understanding the financial position of a healthcare organization…

Q: In the accounting for health care providers, what are third-party payors? Doctors who reduce fees…

A:

Q: How much is the patient services revenue? How much is the operating revenue? How much is the total…

A: Patient revenue services includes charges for direct patient care such as doctor's fees,room…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: Which of the following is a demographic assumption for purposes of applying PAS 19? A. Future…

A: The acronym PAS stands for Philippines Accounting Standard. PAS 10 applies to all the employees of…

Q: explain in detail canadian health care and fincacial planning

A: The answers, along with explanation,is provided below:

Q: The fact that most medical care purchases are financed through insurance:         has no effect on…

A: Medical expenses mean those expenses which are incurred by the people for the medical treatment.…

Q: 1. What is the difference between co-pay and coinsurance? a. They mean the same thing and used by…

A: 1. Difference between co-pay and coinsurance                To know the difference between copay and…

Q: Give the formula for computing a deduction for group health insuranc

A: Group health insurance policy can be defined as the policy which covers all employees of the…

Q: What is the difference between Payables Ageing Summary and Payables Ageing Detailed Reports?

A: Payables ageing reports are related to MYOB (Mind your own business. This is found in Report meny…

Q: In the accounting for health care providers, what are third-party payors?a. Doctors who reduce fees…

A: Third party payor's: Insurance companies and other groups.

Q: What have been the CONSEQUENCES of BC/BS conversion from not-for-profit to for-profit status in…

A: Blue Cross  Blue Cross is a name used by an association of health insurance plans throughout the…

Q: Medigap insurance is a government medical insuran needy.

A: Private insurance companies sell and administer Medicare supplemental insurance, or Medigap. They…

Q: hat is the accounts receivable cycle? Why is this task especially important for healthcare…

A: Solution Concept Account receivable                 Account receivable is  a current asset and…

Q: The following are payment components of the RVU except: A) Malpractice expenses B) Physician's…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Give three examples of : Liabilities in a Healthcare organization (name the organization you are…

A: We know that Liabilities are of two types Current Liabilities: These are the liabilities which are…

Q: What is the difference between the APBO and the EPBO? What are the components of postretirement…

A: Difference between the APBO and the EPBO:Expected pension benefit obligation (EPBO): The amount of…

Q: What have been the consequences of BC/BS conversion from not-for-profit to for-profit status in…

A: Consequences of BC/BS conversion form profit motive to non profit motive.   BC/BS an organisation…

Q: eived. a. amount charged

A: UCR costs are the rates that are usually levied or prevalent for health services in a certain…

Q: Please describe the importance of financial information in healthcare organizations and list the…

A: Healthcare organizations, contrary to popular belief, need and require financial information in…

Q: Which of the following are deductible medical expenses? Select all that apply. O Nonprescription…

A: Medical expense are the expenses incurred by a person for the well being of the health and related…

Q: 8. What is the difference between a copay and coinsurance? a. Copay is typically a percentage of the…

A: Health insurance is an agreement between insurer and insured where insurer is liable to pay for…

Q: Determine the components of postretirement benefit expense

A: Post-retirement benefit expense:   This is an expense to the employer-paid as compensation after the…

Q: Which of he following stalements is CORRECT about benefits provided by a Basic Hospital and Surgical…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: Examples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b)…

A: The question is based on the concept of health insurance and cover under the health policy.

Medicaid

This topic is significant in the professional exams for both undergraduate and graduate courses, especially for: