Final answer:
The three most general revenue classifications for a hospital are revenue from patient care services, government funding, and non-patient care services.
Step-by-step explanation:
The three most generally used revenue classifications for a hospital include:
- Revenue from patient care services.
- Revenue from government funding.
- Revenue from non-patient care services.
Revenue from patient care services is the primary source and consists of payments for medical treatments and procedures provided to patients. Government funding includes federal and state grants, which are often earmarked for specific programs or services. Non-patient care services involve revenue generated from activities not directly related to patient care, such as cafeteria services, gift shops, or parking facilities. Hospitals, whether a nonprofit health organization, a private hospital, or connected to a governmental agency like Health and Social Services, manage diverse revenue streams to fund their operations. Understanding these classifications helps in assessing the financial health of hospital institutions.