The hospital staff bills the patient 5000 and records 2000

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Total cost $100,000 Total volume 1,000 Average cost $100 Payer volumes Medicare (payment rate = $95) 400 Medicaid (payment rate = $75) 100 Managed Care # 1 (payment rate = $110) 300 Managed Care # 2 (pay 80% of charges) 100 Uninsured (pay 10% of charges) 100 Total all payers 1,000 Desired net income $5,000 An uninsured patient receives services with charges of $15,000 from a hospital. The hospital staff bills the patient $5,000 and records $2,000 as charity care. If the hospital's ratio of cost to charges is 50%, what amount would the hospital recognize as charity care in Schedule H of IRS Form 990?

Reference no: EM13566199

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