Hospital Reimbursement

Chapter 3

Hospital Revenue Cycle

Introduction

Most businesses offer a product or service with the intent that either a cash or credit transaction will occur once a sale is completed. Revenue is recorded when realized or realizable, and a receivable is often created to reflect an obligation of payment. A majority of business operations are handled in this manner, and the traditional accountant has been educated on how to record and reconcile these transactions. The hospital accounting field, on the other hand, is not that simple. People who are ...