Explore BrainMass

Healthcare Accounting: Patient Revenue, Collections budget

Your hospital has billed charges of $4,000,000 in February. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent in the second month, 20 percent in the third month, and 5 percent in the fourth month, determine the following values:
a.) Net patient revenue for February
b.) Collections of February charges in February
c.) Net accounts receivable at the end of March for February bilings

© BrainMass Inc. brainmass.com August 15, 2018, 9:17 am ad1c9bdddf

Solution Summary

Your instructional notes are on the spreadsheet attached. "Net" revenue is shown as well as a schedule to track collections.