Question

What are the primary sources of Physicians' offices revenue? How do they differ from the hospitals?

need reference where the information is coming

Answer 1

Primary sources of Physicians' offices revenue are:

1) fees collected from the patients for services provided

2) commissions received,for exapmle, say for recommending a particular hospital the hospital may pay commission to the physician.

Hospitals earn their revenue from multiple sources such as:

1) rentals charged to patients - charged per bed for stay in the hospital, for use of Intensive Care Unit and so on

2) rentals from vendors - if there is a pharmacy shop or a canteen within hospital premises, these vendors would pay for using premises

3) charges for services - for each surgery or other service, hospital may receive money from either the patient or their insurance provider.

Like any other business, there could be many other sources as well.

Information can be obtained from the profit or loss statement (income statement) of a few hospitals and a few physicians to get an idea