Chapter 9
Statement of Operations (Income Statement)
Introduction
The statement of operations is a financial report used by not-for-profit and governmental hospitals while the income statement is primarily used by for-profit hospitals. The items formulated in these statements are recorded on an accrual basis, and the structure of the reports are commonly listed as revenue less expenses equals net income. Regardless of the hospital structure, the overall purpose of the report is to state the profitability of the hospital in an interval or period ...
Get Hospital Reimbursement now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
