what a nursing home must do in order to write off a bad debt on the...

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what a nursing home must do in order to write off a bad debt on the...

what a nursing home must do in order to write off a bad debt on the Medicare year-end cost report.

business finance

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Answer 1

Answer #1

The nursing home must do the following to write off a bad debt:

1. Determine the amounts that cannot be collected and are worthless

2. There must be evidence to claim the bad debt and a record of the debtors

3. Also, there must be any insurance on the bad debts or any third party guarantee.

4. A service log must be maintained.

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Answer 2

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