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CRCR 1.9 Healthcare Financial Reporting Questions
with 100% Correct Solutions UPDATED!!!
Name the basic components on a healthcare provider's
financial reports. - ANSWER Balance Sheet
Income Statement
Cash flow statement
Name the three accounting methods - ANSWER Accrual, Cash,
and Fund
What are explicit price concessions - ANSWER Discount
contracted from payers to providers
What are implicit price concessions - ANSWER Amounts paid by
patients based off expected payment results for a specific
portfolio of receivables
Which of these statements describes the new methodology for
the determination of net patient service revenue: - ANSWER
Net patient service revenue is defined as the total incurred
charges, less the explicit price concession, less any applicable
CRCR 1.9 Healthcare Financial Reporting Questions
with 100% Correct Solutions UPDATED!!!
Name the basic components on a healthcare provider's
financial reports. - ANSWER Balance Sheet
Income Statement
Cash flow statement
Name the three accounting methods - ANSWER Accrual, Cash,
and Fund
What are explicit price concessions - ANSWER Discount
contracted from payers to providers
What are implicit price concessions - ANSWER Amounts paid by
patients based off expected payment results for a specific
portfolio of receivables
Which of these statements describes the new methodology for
the determination of net patient service revenue: - ANSWER
Net patient service revenue is defined as the total incurred
charges, less the explicit price concession, less any applicable
