This problem Question is belowGrady Home Health has $1,050,000 in Net Patient AccountsReceivable; $350,000 in Other Operating Revenue: TotalOperating Expenses of $3,250,000; and $4,500,000 in Net PatientRevenue.Determine the Days in Patient Accounts Receivable (Net AR Days)for this organization.

Explanation of Net Patient Accounts ReceivableNet Patient Accounts Receivable represents the amount…

Answered: Question is below Grady Home Health has…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4MAD

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provide correct answer and provide correct option with calculation I want it so please provide
Q4- The following information is extracted from Gamma Hospital's financial records. Patient accounts receivable, net Patient service revenue, gross Provision for contractual adjustments 14,000,000 97,000,000 12,000,000 Required: Compute the number of days' revenue in patient accounts receivable.
Given the information below for Quarter 1 20X1, compute the days in accounts receivable, aging schedule Sep, Aug, and July, average patient daily revenue and accounts receivables as a % of revenue for Sep, Aug and July. Givens (in '000) Quarter 1, 20X1 Time Sep Aug Jul Quarter Days outstanding 1-30 31-60 61-90 1-90 Net accounts receivable $500 $800 $3,700 $5,000 Net patient revenue $1,000 $5,000 $9,000 $15,000
pls solve this ques in 10-15 minutes I'll give you multiple upvotes.
The basis for recognizing patient care revenue is not always obvious. In a particular month Northwest Medical Clinic reported the following: 1. It provided direct care services to patients, billing them $400,000. Of this amount it received $120,000 in cash, but as a consequence of bad debts it expects to collect a total of only $330,000. 2. It provided direct care to patients covered by insurance and who are members of various group health plans for which, at standard rates, it would have billed $650,000. However, owing to contractual arrangements with the payers, it actually billed them for, and expects to collect, only $480,000. 3. It provided charity care for which it would have billed, at standard rates, $82,000. 4. It received capitation fees of $1,400,000 from health care plans and provided services to members of those plans for which it would have billed, at standard rates, $1,600,000. Prepare appropriate journal entries to recognize revenue.
How much cash did the Hospital collect on Accounts Receivable in 20X1? $15800 $16000 $13000 $12800
At Inner City Health Care, the total account receivable at the end of May is $100,00 and the monthly receipts total is 75.000, the total accounts receivable ath the end of june is 82.000 and the monthly receipts total is $31.000, the totat accounts receivable at the end of july is $86,000 and the monthly receipts total $20,000; the total accounts receivable at the end of August is $93,000 an the monthly receipts total is $45,000. What is the account receivable ratio for each month? Show your calculations in the space provided. Which month has the healthiest accounts receivable ratio? Why?
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Getwell hospital provides you with the following information:
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Question is below Grady Home Health has $1,050,000 in Net Patient Accounts Receivable; $350,000 in Other Operating Revenue: Total Operating Expenses of $3,250,000; and $4,500,000 in Net Patient Revenue. Determine the Days in Patient Accounts Receivable (Net AR Days) for this organization.