Refer to the Metropolis Health System balance sheet and statement of revenue and expense in Ch. 25 MHS case study. Patient accounts receivable of $&,400,000 is shown as net of $1,300,000 allowance for bad debts ($8,700000- $1,300,000=$7,400,000). a) What percent of gross accounts receivable is the allowance for bad debts? b) If the allowance for bad debts is raised to $1,500,000, where does the extra $200,000 go? Metropolis Health System Statement Of Revenue and Expenses for the Years Ended Month, Year and Year
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Revenue Net Patient Service Revenue 34,000,000 33,600,000 Other Revenue 1,100,000 1,000,000
Total Operating Revenue 35,100,000 34,600,000
Expenses Nursing Services 5,025,000 5,450,000 Other Professional Services 13,100,000 12,950,000 General Services 3,200,000 3,220,000 Support services 8,300,000 8,340,000 Depreciation 1,900,000 1,800,000 Amortization 50,000 50,000 Interest 325,000 350,000 Provision for doubtful accounts 1,500,000 1,600,000
Total Expenses 33,400,000 33,760,000
Income from Operations 1,700,000 840,000
Nonoperating Gaina(Losses) Unrestricted gifts and memorials 20,000 70,000 Interest income 80,000 40,000
Nonoperating Gains Net 100,000 110,000
Revenue and gains in Excess of 1,800,000 950,000 Expenses and Losses
Metropolis Health System Statement Of Changes in Fund Balance for the Years Ended Month, Year and Year
General Fund Balance April 1st 19,700,000 18,750,000
Revenue and Gains in Excess of Expenses and Losses 1,800,000 950,000 General Fund Balance March 31st 21,500,000 19,700,000
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