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How much is the net patient service revenue

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Reference no: EM133091434

Question - Record the following events of PGH Hospital:

a. Patient Henry was billed for the following: Room and Board, Physicians Care, Laboratory and X-ray, in the amount of P500,000, P250,000 and P150,000, respectively.

b. A donation of drugs with fair value of P150,000 was received from a doctor, Mr. Sy. The said drug is normally purchased.

c. The other following revenues were collected: Parking lot charges, vending machines and snack bar of P50,000; P10,000 and P30,000, respectively.

d. Medicare cleared charges above with contractual adjustments granted to patients for Medicare charges totaled P150,000.

e. Interim payments received from Medicare amounted to P80,000.

Required -

1. How much is the Net Patient Service Revenue?

2. How much is the total revenue?

Reference no: EM133091434

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