Assignment: Accounting Concepts for Health Care Professionals-Uncollectable Accounts
Uncollectible Accounts
Using your text ( Epstein, L. & Schneider, A. (2014). Accounting for Healthcare Professionals. San Diego, CA: Bridge point Education, Inc.) 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.