Sources of Revenue
Review the Sources Of Revenue Table for Timberline Geriatric Clinic in Orlando Florida. Complete the table by calculating the percentages.
Describe what is meant by each source of revenue.
As a healthcare consultant, comment on the current distribution of revenue and what recommendations you have for increasing the collection of revenue.
Explain your answer.
Source of Revenue Table: Timberline Geriatric Clinic, Orlando, Florida
|
SOURCE
|
YTD REVENUE
|
PERCENTAGE
|
|
HMO
|
$300,000
|
|
|
MEDICAID
|
$25,000
|
|
|
MEDICARE
|
NA
|
|
|
PRIVATE PAY
|
$14,000
|
|
|
COMMERCIAL
|
$100,000
|
|