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Order Hereairline fares found in healthcare finance book
At this point, it is worthwhile to spend some time on historical perspective.
Until 1996, healthcare providers reported gross patient service revenue
based on the charge master, deductions for contractual allowances and charity
care, and net patient service revenue directly on the income statement. This
made the income statements of healthcare providers different from businesses
in virtually every other industry. For example, airlines have a set of full fares
such as $1,500 for a round-trip coach ticket from New York to Chicago. Most
travelers in coach do not pay this fare, however. Rather, they pay restricted
excursion fares that could be as low as $400, or even less. When an airline
prepares its income statement, it does not list revenues at full fares and then
subtract an allowance for discount fares. What it shows on the income statement
are those revenues that it actually expects to collect. Thus, the “rest of
the world” reports only those revenues that businesses truly expect to receive,
except for bad debt losses, which are accounted for by other means. Thus,
healthcare providers were forced to report revenues the same way as everyone
else—net of allowances (discounts).
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order Hereairline fares found in healthcare finance book
At this point, it is worthwhile to spend some time on historical perspective.
Until 1996, healthcare providers reported gross patient service revenue
based on the charge master, deductions for contractual allowances and charity
care, and net patient service revenue directly on the income statement. This
made the income statements of healthcare providers different from businesses
in virtually every other industry. For example, airlines have a set of full fares
such as $1,500 for a round-trip coach ticket from New York to Chicago. Most
travelers in coach do not pay this fare, however. Rather, they pay restricted
excursion fares that could be as low as $400, or even less. When an airline
prepares its income statement, it does not list revenues at full fares and then
subtract an allowance for discount fares. What it shows on the income statement
are those revenues that it actually expects to collect. Thus, the “rest of
the world” reports only those revenues that businesses truly expect to receive,
except for bad debt losses, which are accounted for by other means. Thus,
healthcare providers were forced to report revenues the same way as everyone
else—net of allowances (discounts).
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
970x250 - Melbourne - Desktop Sample
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Order Hereairline fares found in healthcare finance book
At this point, it is worthwhile to spend some time on historical perspective.
Until 1996, healthcare providers reported gross patient service revenue
based on the charge master, deductions for contractual allowances and charity
care, and net patient service revenue directly on the income statement. This
made the income statements of healthcare providers different from businesses
in virtually every other industry. For example, airlines have a set of full fares
such as $1,500 for a round-trip coach ticket from New York to Chicago. Most
travelers in coach do not pay this fare, however. Rather, they pay restricted
excursion fares that could be as low as $400, or even less. When an airline
prepares its income statement, it does not list revenues at full fares and then
subtract an allowance for discount fares. What it shows on the income statement
are those revenues that it actually expects to collect. Thus, the “rest of
the world” reports only those revenues that businesses truly expect to receive,
except for bad debt losses, which are accounted for by other means. Thus,
healthcare providers were forced to report revenues the same way as everyone
else—net of allowances (discounts).
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.