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The math of health providers is always super sketchy, because they 'donate' their emergency service to the indigent at a non-discounted rate and deduct that fro
by droopyEyelids 3y ago
The math of health providers is always super sketchy, because they 'donate' their emergency service to the indigent at a non-discounted rate and deduct that from their profits.
Aside from the fact that those non-discounted rates are astronomically high in the USA, they also don't have to worry about anyone analyzing the list of services provided, so the medical billing errors in the provider's favor don't have a chance of being questioned.
Large medical provider accounting is right next to Hollywood accounting in the staggering games played with profit, expense, and loss.
- lotsofpulp 3y ago> The math of health providers is always super sketchy, because they 'donate' their emergency service to the indigent at a non-discounted rate and deduct that from their profits. This makes no sense. If they are the healthcare provider, then services provided to the indigent go in the expenses column, and revenue is in the revenue column. And you cannot “deduct” anything from profit, it is literally all revenues minus all expenses. And also Kaiser is a non profit.
- boeingUH60 3y agoCue armchair accountants on HN..
- deleted 3y ago[deleted]