Question

Describe three or five ways that hospitals receive their revenues

Answer 1

GENERATING REVENUE IN HOSPITALS:-
- Most hospital revenue consists of payment for medical services.
- They may also get revenue from people who eat in the cafeteria, shop in the gift shop, or park in the parking garage.
- Some hospitals also have retail pharmacies or fitness centers, and get revenue from those.
- They usually have investments that generate interest or capital gains.
- They may get research grants, and not-for-profit hospitals can also get donations.
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WAYS THROUGH WHICH HOSPITALS RECEIVE THEIR REVENUE:-
1.Health Maintenance Organizations (HMOs)
2.Preferred Provider Organizations (PPOs)
3. Point of Service (POS)
4. indemnity insurance.
5. Medicare is paid by government.