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CRCR 1.9 Healthcare Financial Reporting exam with correct detailed answers

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CRCR 1.9 Healthcare Financial Reporting exam with correct detailed answers

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CRCR 1.9 Healthcare Financial Reporting
| | | | |




exam with correct detailed answers
| | | |




Name |the |basic |components |on |a |healthcare |provider's |financial |reports. |- |correct |answer |
Balance |Sheet

Income |Statement

Cash |flow |statement



Name |the |three |accounting |methods |- |correct |answer |Accrual, |Cash, |and |Fund



What |are |explicit |price |concessions |- |correct |answer |Discount |contracted |from |payers |to |
providers



What |are |implicit |price |concessions |- |correct |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: |- |correct |answer |Net |patient |service |revenue |is |defined |as |the |total |
incurred |charges, |less |the |explicit |price |concession, |less |any |applicable |implicit |price |
concession(s) |as |applied |to |the |specific |portfolio |of |accounts.

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