In a revenue budget for a healthcare business, net medical revenues is gross medical revenues minus ____.
A) costs of labor
B) percent discount
C) contractual adjustments
D) bad debt expense

Question

Quizplus · Accepted Answer

Net medical revenues are calculated by subtracting contractual adjustments from gross medical revenues. Contractual adjustments are the differences between what is billed to patients or insurance companies and what is actually expected to be received, based on pre-negotiated rates.

In a Revenue Budget for a Healthcare Business, Net Medical