Expenses

Part 1
Please define and explain the differences between revenue and expenses.
Please define and explain each of the major expense categories on an income statement.
What is the largest operating expense category? 
Why does this make it difficult to decrease expenses without cutting labor? Please spend the majority of your time on this portion.
What is a profit margin?  If a hospital- profit margin is not what the board would like it to be is it easier to increase revenue or decrease expenses. Please emphasize the explanation why. 300 words

Part 2
What are Sources of Revenue?   In healthcare, is there more than one way to report "sources of revenue"?  What is the importance of a company understanding its Sources of Revenue?
What is a “service line” in healthcare?
What are DRGs and MDCs? 300 words

Part 3

What are Contractual Allowances?  Where would you find them in the financial statements?  What is their purpose?
Why does a hospital receive a different amount for its services depending on what insurance the patient has? 300 words

Answer Detail

Get This Answer

Save Time & improve Grades

  • Questions Asked 685059
  • Experts 5361
  • Total Answered 659177

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Our Amazing Features

  • Plagiarism Free Work

    Our experts provide 100 % original and customized work On time Delivery

  • 24*7 Customer Support

    We provide 24*7 online customer supports via online chat or email

  • Cover All Subject

    JQA is one stop solution for all subject’s Assignment. We can provide assignment help for almost all subjects.

  • Best Industry experts

    We have 1000+ PHD and Post Graduate experts.

Refer Just 5 Friends to Earn More than $1000

  • Your Approx Earning

    USD 2350/year

Your Custom Referral Link:

Hire a tutor

Assignment hero

USA

I am an experienced tutor of 7+ years in all math, physics, and Spanish, SAT, and ACT tutoring. I love working with students and seeing them improve on and grasp concepts!

Guru

USA

Need help in Maths and science ? Look no further . contact me so i can help you . i have been a academic tutor for 10 years . Hire me for help in assignments.

Vikas

USA

After 13 years of working with students across the country, we have the experience and knowledge to provide the best possible academic support for your academics.

Rgaurav

India

I have experience teaching AP Calculus AB and BC, Algebra I, Algebra II, Trigonometry, SAT Math Preparation, and Geometry. I have tutored students ranging from 8th grade to college students.

Invite Tutor