Which of the Following Describes the Amount That a Healthcare

question 16

Multiple Choice

Which of the following describes the amount that a healthcare provider will actually realize from billings for services?

• A) Gross patient revenues
• B) Charge description master fees
• C) Contractual adjustments
• D) Net patient revenues

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Definitions:

Scholarships

Financial aid awarded to students to help pay for education expenses, often based on academic achievement or other criteria.

Restricted Fund Method

An accounting practice used for reporting resources that have been restricted by donors or grantors.

Externally Restricted Contribution

Funds received by an organization that are designated for specific purposes by the donor, restricting their use by the recipient.

General Fund

The principal fund of a governmental entity, covering most basic operational activities and services.