Solved:Revenue represents amounts earned by an organization: that is, actual or expected cash inflows due to the organization’s major business.



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Revenue represents amounts earned by an organization: that is, actual or expected cash inflows due to the organization’s major business.  In the case of health care, revenue is mostly earned by rendering services to patients. Revenue flows into the organization is sometimes referred to as the revenue stream.

 

Step 1

·        Review the following key terms: (Students may see the key terms on a quiz)

o   Discounted Fee-for-Service

o   Fee-for-Service

o   Managed Care

o   Medicaid Program

o   Medicare Program

o   Payer Mix

o   Revenue



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