This course addresses a variety of unique operating circumstances that face hospitals and give rise to a multitude of accounting issues. Complicating this is the fact that hospitals may be organized as either for-profit or not-for-profit entities.
The hospital industry is also heavily regulated, and this regulation impacts accounting and financial reporting in several ways. Most notably, hospitals rely extensively on third party payors, such as insurance companies and the government, for much of their revenues. The myriad of cost reimbursement and receivables issues are addressed, as are the charity care activities engaged in by not-for-profit hospitals to retain their tax-exempt status.
Course Parts:
- Economic and Regulatory Perspectives
- Types of Hospital Organizations
- Contractual Relationships
- General Accounting Considerations
- Cash and Cash Equivalents
- Investments
- Receivables
- Property, Equipment, and Other Assets
- Current Liabilities
- Leases
- Long Term Obligations
- Commitments and Contingencies
- Net Assets and Equity
- Revenues and Expenses
- Affiliations and Related Organizations
- Accounting for Deferred Executive Compensation
- Hospital Consolidations and Mergers