Describe the accounting treatment by hospitals and health care organizations for contractual adjustments?
Contractural adjustments is the offset against Patient service revenue, and net patient service revenue is reported in accordance with the audit and accounting guide.
Contractural adjustments are accounted for in the Statement of Operation as a contra revenue account.
Contractural adjustments is the offset against Patient service revenue, and net patient service revenue is reported in accordance with the audit and accounting guide.
ReplyDeleteContractural adjustments are accounted for in the Statement of Operation as a contra revenue account.
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