Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. true/false 1. two major areas of accounting in hea

True/False 1. Two major areas of accounting in health care include financial and cost. 2....

60.1K

Verified Solution

Question

Accounting

image
True/False 1. Two major areas of accounting in health care include financial and cost. 2. Not-for-profit entities do not worry about the bottom line - they don't need to generate a profit to continue as an ongoing concern. 3. Both Medicare and Medicaid reimburse providers for their actual costs of providing healthcare services 4. For-profits actually provide just a much or a little more access to healthcare services than a not- for-profit to patients with little to no health insurance. 5. It is not uncommon for different plans to pay different contractual rates for the same service. 6. If a certain method of grouping revenue for planning and control is generally accepted in other health care facilities, it is not strictly necessary for such a method to be consistent with the current structure of the facility where it is in use. 7. Private pay revenue is more prevalent in hospitals than in nursing facilities or assisted living facilities. 8. The purpose of an organization chart is to indicate how responsibility is assigned to managers and to certain outside third parties

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Until three years ago, Slater was the sole shareholder and director of Lockley Quarries Ltd., a...

Operations Management
Q

Which of the following best describes the term "Output" as it relates to machinery?A. the...

Biology
Q

Determine whether each statement is true or false 113 KL NM M P KL NM...

Geometry
Q

tan 18 tan 18x Simplify your answer including any radicals Use integers or fractions for...

Basic Math
Q

answers only Klumper Corporation is a diversified manufacturer of industrial goods. The...

Accounting
Q

"I know headquarters wants us to add that new product line," said Dell Havasi, manager...

Accounting
Q

Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based...

Accounting
Q

Statement of Cash Flows: Depreciation and amortization are added to net income in the Operating...

Accounting
Q

(d)Current Attempt in Progress Sunland Company purchased a new machine on September 1,2022,...

Accounting
Q

WHAT DO YOU THINK ABOUT THE DEFERRAL OF RECOGNITION OF GAINS FOR SECTION 1031 EXCHANGES?...

Accounting
Q

Greene Corporation has four divisions: the assembly division, the processing division, the machining division, and...

Accounting
Q

Vigour Pharmaceuticals Ltd. is considering investing in a new production line for its pain-reliever medicine...

Finance