Select the correct definition for each category plus answer if it is true or false in the other questions
REVENUE
A is the “list price” for services provided to the patient
B Result from peripheral or incidental transactions.
C Comes from three sources: Patient services revenue, other revenues, Nonoperating gains (losses)
D The residual of gross patient revenue less allowances
NONOPERATING GAINS AND LOSSES
A is the “list price” for services provided to the patient
B Result from peripheral or incidental transactions.
C Comes from three sources: Patient services revenue, other revenues, Nonoperating gains (losses)
D The residual of gross patient revenue less allowances
NET PATIENT SERVICES REVENUE
A is the “list price” for services provided to the patient
B Result from peripheral or incidental transactions.
C Comes from three sources: Patient services revenue, other revenues, Nonoperating gains (losses)
D The residual of gross patient revenue less allowances
GROSS PATIENT SERVICES REVENUE
A is the “list price” for services provided to the patient
B Result from peripheral or incidental transactions.
C Comes from three sources: Patient services revenue, other revenues, Nonoperating gains (losses)
D The residual of gross patient revenue less allowances
Sample Solution