Revenue represents amounts earned by an organization: that is, actual or expecte

Question

Revenue represents amounts earned by an organization: that is, actual or expected cash inflows due to the organization’s major business. In the case of health care, revenue is mostly earned by rendering services to patients. Revenue flows into the organization is sometimes referred to as the revenue stream.

Step 1

·        Review the following key terms:

o   Discounted Fee-for-Service

o   Fee-for-Service

o   Managed Care

o   Medicaid Program

o   Medicare Program

o   Payer Mix

o   Revenue

Step 2

·        Review Chapter 4

·        Review PowerPoint

·        Complete Assignment Exercise 4–2: Revenue Sources and Grouping Revenue   (Found in the back of your textbook pp 463.)

Explanation / Answer

2.No information given about the content in pp 463

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