Net patient service revenue definition

Net patient service revenue means gross inpatient revenues from services provided to nursing care facility patients less reductions from gross inpatient revenue resulting from an inability to collect payment of charges. Inpatient care revenue excludes nonpatient care revenue such as beauty and barber, vending income, interest and contributions, revenues from the sale of meals and all outpatient revenues. Reductions from gross revenue includes bad debts, contractual adjustments, uncompensated care, discounts and adjustments and other revenue deductions;

Net patient service revenue means gross inpatient revenues from services provided to nursing facility patients less reductions from gross inpatient revenue resulting from an inability to collect payment of charges. Inpatient service revenue excludes non-patient care revenues, such as revenues from beauty and barber services, vending income, interest and contributions, revenues from the sale of meals, and all outpatient revenues. Reductions from gross revenue include contractual adjustments, uncompensated care, administrative, courtesy, and policy discounts and adjustments, and other revenue deductions.

Net patient service revenue means the total revenue

Examples of Net patient service revenue in a sentence

• Note 3 — Net Patient Service Revenue The Company has arrangements with third-party payors that provide for payments to the Company at amounts different from its established rates.

• February Same-Facility Results $ in thousands February $ Change 2020 2019 Net Patient Service Revenue 113,176 110,268 2,908 Non-patient Revenue 758 578 180 Hospital Operations Net Revenue $ 113,934 $110,846 $ 3,088 QHR 4,793 5,234 (441) Corporate (792) 373 (1,165) Total Net Revenue $117,935 $116,453 $ 1,481 Hospital Operations Adj.

• January Same-Facility Results $ in thousands January $ Change 2020 2019 Net Patient Service Revenue 143,254 138,690 4,564 Bad Debt (19,454) (16,989) (2,465) Non-patient Revenue 913 566 346 Hospital Operations Net Revenue $ 124,713 $ 122,267 $ 2,446 QHR 4,657 5,160 (503) Corporate (134) 1,042.88 (1,177) Total Net Revenue $129,236 $128,470 $ 766 Hospital Operations Adj.

• Those matters include the following:Allowance for Net Patient Service Revenue AdjustmentsEstimates of allowances for adjustments included in net patient service revenue are described in Notes 1 and 2.

• Revenue consists of the following amounts (in thousands): Net Patient Service Revenue Patient service revenue is reported on the accrual basis in the period in which services are provided, at established rates, regardless of whether collection in full is expected.

More Definitions of Net patient service revenue

Net patient service revenue means gross revenues from services provided to nursing home facility patients, less reductions from gross revenue resulting from an inability to collect payment of charges. Such reductions include bad debts; contractual adjustments; uncompensated care; administrative, courtesy, and policy discounts and adjustments; and other such revenue deductions.

Net patient service revenue means gross revenue from inpatient and outpatient care provided to hospital patients converted to net patient revenue utilizing data from Worksheets G-2 and G-3 of each hospital's medicare cost report for fiscal year [2012 2013.] 2013-2014. If the hospital is new or did not file a fiscal year medicare cost report, the department shall obtain the hospital's net patient service revenue from the most recent period available.

Net patient service revenue means gross revenue from inpatient and outpatient care provided to hospital patients converted to net patient service revenue utilizing data from Worksheets G-2 and G-3 of each hospital's medicare cost report for the fiscal year [2013-2014.] ending three years prior to the state fiscal year for which net patient service revenue is being calculated. For example, the net patient service revenue for fiscal year 2017-2018 shall be based on data from fiscal year 2014-2015. If the hospital is new or did not file a fiscal year medicare cost report, the department shall obtain the hospital's net patient service revenue from the most recent period available.

Net patient service revenue means patient service revenue minus deductions from revenue. Deductions from revenue include contractual adjustments and charity care.

Net patient service revenue means the revenue a hospital would expect to collect for services provided less contractual allowances, as contained in the hospital’s financial statements and as reported by the hospital to CHIA.

Net patient service revenue means the total revenue received for patient care from any third-party payer net of any contractual adjustments. The net patient service revenue for a hospital is considered to be that which is reported to the department of health under RCW 43.70.052.

Net patient service revenue means the amount each hospital reported in the most recent Virginia Health Information Hospital Detail Report as of December 15 of each year excluding any nonhospital revenue that meets the requirements in subsection C of this section.