ACC281 Week 2 Assignment

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punatrfa2014197710

Business Finance

Description

Uncollectible Accounts

Using your text and at least one scholarly source, prepare a two to three page paper (excluding title and reference page), in APA format, on the following:

  • Explain the difference between Charity Care and Bad Debt in a healthcare environment.
  • Explain how the patient financial services personnel assist in determining which category the uncollectible account should be placed.
  • Discuss the financial implications of gross uncollectibles on the bottom line of the healthcare institution, and explain how these are recorded on the financial statements.

Text


Epstein, L. & Schneider, A. (2014). Accounting for Health Care Professionals [Electronic version]. Retrieved from https://content.ashford.edu/

  • This text is a Constellation™ course digital materials (CDM) title.

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Explanation & Answer

Hi? Kindly check attached assignment solution and the plagiarism report.👇

Running head: ACC281 Uncollectible accounts assignment

ACC281
Uncollectible accounts assignment
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ACC281 Uncollectible accounts assignment

2

Uncollectible Accounts
Question 1
Patients admitted and offered services are deemed able to settle medical bills charged to
them. However, sometimes it happens that the patient is either willing but not able to pay or
unwilling but able to pay the bills. In charity care, medical services are given to patient
regardless of capability to pay for the bills whereas lousy debt results on the reluctance of the
patient in settling healthcare claim. In practice, if a patient tells inability to clear the medical d...


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