Based Upon Saint Thomas Hospital's Established Billing Rate Structure, the Hospital

Based upon Saint Thomas Hospital's established billing rate structure, the hospital would have earned patient service revenue of $5,100,000 for the year.However, Saint Thomas does not expect to collect this amount because of charity care provided in the amount of $600,000 and contractual allowances to third-party payers of $450,000.How much should Saint Thomas record as patient service revenue for the year?

A) $5,100,000
B) $4,650,000
C) $4,500,000
D) $4,050,000

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free