A business-type government hospital
A not-for-profit hospital
A for-profit hospital
All of the above
All health care organizations are required to report a performance indicator
Only governmental health care organizations are required to report a performance indicator
The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations
The purpose of reporting a performance indicator is to assist in evaluating the efficiency and effectiveness of a health care organization's operating activites
Governmental health care organizations must report cash flows from operating activities using the direct method
For-profit and not-for-profit health care organizations may report cash flows from operating activities using either the direct or indirect method
All health care organizations report acquisition of capital assets in the cash flows from investing activities section of the statement of cash flows
All of the above are correct statements
Receivables and revenues should not be reported for these services
Receivables and revenues should be reported at the regular self-pay amount
Receivables and revenues should be reported at the regular self-pay amount, less the estimated cost of collection efforts
None of the above
Additions to the cost of providing medical services
Reductions to receivables and revenue for medical services provided to insured patients
Reductions to receivables and revenues for charity care medical services
Assets limited as to use
Temporarily restricted net assets
Restricted for debt service
Assets held by trustee
Patient service revenue
Administrative service revenue
Statement of revenues, expenses, and changes in net position
Statement of net position
Statement of cash flows
All of the above
Debt services coverage
The Heart Research Institute.
The St. George Hospital.
The Family Practice Medical Clinic.
The Northeast Health Maintenance Organization.
The AICPA Audit and Accounting Guide Health Care Entities.
The Healthcare Financial Management Associations’ Financial Accounting and Reporting Manual.
The FASB Accounting Standards Codification (ASC).
All of the above are considered GAAP according to the GAAP hierarchy.
Statement of changes in net assets.
Statement of revenues, expenses, and changes in net assets.
Statement of cash flows.
Deductions from gross patient revenue in arriving at net patient revenue.
Disclosures in the notes to the financial statements.
Either deductions from gross patient revenue or disclosure in the notes, depending on the dollar amount of the adjustments relative to billings.
Bad debt expense.
Both reported as deductions from gross patient revenue in arriving at net patient revenue.
Both reported as expenses.
Reported differently, with charity service disclosed in the notes to the financial statements and bad debts reported as a deduction from revenue.
Reported differently, with charity service reported as a deduction from gross patient revenue and bad debts reported as an expense.
Another financing use.
A contra revenue.
Net Patient Service Revenue.
Here's an interesting quiz for you.