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Healthcare finance: public and private revenue sources

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What are the sources of revenue received by hospitals? What sources are the most stable? What are some of the major public and private revenue sources? What would be the advantages of these revenue sources? Would there be disadvantages? How would the source of revenue affect financial reporting?

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Solution Summary

This solution explores the sources of revenue received by hospitals as well as the evaluation of each of these sources, including which is more stable, advantages, disadvantages and how they may affect financial reporting. The solution is 269 words in length and is supplemented by two external references.

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Answer:
What are the sources of revenue received by hospitals? What sources are the most stable? What are some of the major public and private revenue sources? What would be the advantages of these revenue sources? Would there be disadvantages? How would the source of revenue affect financial reporting?
The sources of revenue for hospitals are:
(i) Gross patient revenues
(ii) Donations and fundraisings efforts
(iii) Parking and ...

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Jayant Kumar, MBA
Education
  • MBA, Indian Institute of Finance
  • Bsc, Madras University
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