What type of revenue includes funds earned from patient services?

Prepare for your HFMA CSAF test with flashcards and multiple choice questions. Every question includes hints and explanations to boost your understanding and help you succeed on exam day!

Operating revenue is the correct classification for funds earned from patient services. This type of revenue is generated through the primary activities of a healthcare organization, specifically the provision of care to patients. It encompasses income from various services rendered, such as hospital stays, outpatient services, and specialty care.

Operating revenue is essential for the financial viability of healthcare institutions as it reflects the core revenue-generating activities that directly relate to patient care. This distinguishes it from other types of revenue, which may come from secondary activities, investments, or temporary financial arrangements. Understanding the difference between operating revenue and other revenue types is crucial for financial reporting and analysis, as it helps stakeholders assess how well an organization is performing in its main business of providing healthcare services.

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