Malvern Hospital generated net patient revenues of $200 million for 20X1, and its cash collections were $150 million. The revenue cycle management costs to collect these revenues were $10 million.Compute Malvern's cash as a percentage of net patient revenues.Compute Malvern's cost to collect for the year.Compute Malvern's cost to collect requiring human intervention for the year if 55% of the cash collections during the year required human intervention and its EDI costs were $750,000

1) Compute cash as a percentage of patient revenues: Net Patient revenues (a) $200 million…

Answered: Malvern Hospital generated net patient…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Malvern Hospital generated net patient revenues of $200 million for 20X1, and its cash collections were $150 million. The revenue cycle management costs to collect these revenues were $10 million.

Compute Malvern's cash as a percentage of net patient revenues.
Compute Malvern's cost to collect for the year.
Compute Malvern's cost to collect requiring human intervention for the year if 55% of the cash collections during the year required human intervention and its EDI costs were $750,000

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