Assets Current Assets: Cash $2,737 Net premiums receivable 821 Supplies 387 Tota
ID: 2718372 • Letter: A
Question
Assets
Current Assets:
Cash $2,737
Net premiums receivable 821
Supplies 387
Total current assets $3,945
Net property and equipment $5,924
Total assets $9,869
Liabilities and Net Assets
Accounts payable—medical
Services $2,145
Accrued expenses 929
Notes payable 382
Total current liabilities $3,456
Long-term debt $4,295
Total liabilities $7,751
Net assets—unrestricted
(equity) $2,118
Total liabilities and net
Assets $9,869
How does this balance sheet differ from the one presented in Exhibit 4.1 for Sunnyvale?This balance sheet contains a net premiums receivable line which would mean that they are collecting money upfront so this would be a capitation system rather than a fee for service which Sunnyvale is running their Financial system on. should i add anything els??
Explanation / Answer
Balance Sheet Current Assets Cash 2737 Net Premiums receivable 821 supplies 387 Total Current Assets 3945 Net Property and Equipment 5924 Total Assets 9869 Liabilities and Networth Accounts payable-Medical services 2145 Accrued expenses 929 Notes payable 382 Total Current Liabilities 3456 Long-term Debt 4295 Total Liabilities 7751 Un-restricted Equity 2118 Total Liabilities and Netassets 9869 From the balance sheet given above it appearrs that they are running the clinic as a third party aggregator where they receive the clinic in contract with a Third Party administrator who will be making payments upfront for estimated patient treatment
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