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Compare revenue generating between the following: non-health care business, hospitals, nursing homes and physician practice. Clarify...

  1. Compare revenue generating between the following: non-health care business, hospitals, nursing homes and physician practice. Clarify this question…
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Answer #1

This questions means that various entities have different source of revenue generations depending upon the nature of the entity. Question is asking to compare the sources of revenue among :non-health care business, hospitals, nursing homes and physician practice.

For example:

Non health care business can be manufacturing and service industry, where source of revenue will be sale of product or service charges.

Hospitals revenue source will be various physical test, procedures etc.

Nursing home being small will generate revenue from admission of patients etc.

Physician practice will receive revenue from consultation fees etc.

Hence, you can compare the source of revenue generation.

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