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Revenue Recognition in Healthcare

10 Lessons
CPEs 1.5
Specialized Knowledge

This course explores revenue recognition in the healthcare industry under ASC 606 and GAAP, covering key billing models, financial reporting challenges, and uncompensated care. Through real-world case studies, students will learn how to apply revenue recognition principles in healthcare accounting and financial management.

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Course Description

This course provides CPAs and finance professionals with a comprehensive understanding of revenue recognition in the healthcare industry under ASC 606 and GAAP. Participants will explore key revenue recognition principles, healthcare billing models, and financial reporting challenges, including fee-for-service, bundled payments, capitation models, and value-based care.

The course also covers charity care, bad debt, and contractual adjustments, ensuring learners understand their impact on financial statements.

Through real-world case studies and financial statement analysis, students will gain practical insights into applying revenue recognition standards in healthcare settings, essential for those pursuing careers in healthcare accounting, auditing, or financial management.

In this course, you'll learn...

Course Objectives

Understand the revenue recognition principles and key differences between revenue recognition in healthcare and other industries.

Determine how to recognize revenue from bundled payments, capitation, and risk-sharing agreements.

Address challenges in estimating and recognizing revenue over time.

Distinguish between charity care, bad debt, and contractual adjustments.

How you'll apply these skills...

Ensure GAAP compliance by correctly recognizing revenue under ASC 606.

Navigate complex healthcare billing models and determine the appropriate timing for revenue recognition.

Improve financial reporting accuracy by distinguishing between charity care, bad debt, and contractual adjustments.

Analyze healthcare financial statements to assess revenue cycles and organizational financial health.

Support financial decision-making in hospitals, clinics, and healthcare organizations.

Prepare for CPA exams and professional roles by mastering real-world applications of revenue recognition in healthcare settings.

Course Instructor

Michael Carroll, CPA, CISA, CISM

Michael is an accounting and information security professional. He is also an Adjunct Professor at several higher education institutions, where he is responsible for teaching various accounting and information technology courses.

Michael earned his MBA in Accounting and B.S. in Accounting / Accounting Information Systems from Canisius University. Additionally, Michael is a Certified Public Accountant (CPA) and a Certified Information Systems Security Professional (CISSP). Michael is a current member of the NYCPA’s Education Committee and has been an Advisory Board Member for the Academy of Finance (AOF) since 2020.

Michael enjoys traveling, hiking, and watching the Buffalo Bills. He has also participated in several marathon events.

Course Content

Introduction to Revenue Recognition in Healthcare 1 Topic
Core Revenue Recognition Framework 2 Topics
Accounting for Healthcare Billing Models 1 Topic
Lesson Content
0% Complete 0/1 Steps
Handling Charity Care and Bad Debt Write-offs 1 Topic
Course Summary 1 Topic
Lesson Content
0% Complete 0/1 Steps
Final Exam: Review
Final Exam: Revenue Recognition in Healthcare

Additional Info

Format

5-20 min. videos, 2 quizzes, and a final assessment

Field of study

Specialized Knowledge

CPE Credits

CPEs 3.0

Prerequisites

None

Corey

Corey is the owner of Wisdify.  He is passionate about learning and development, he loves helping people achieve their professional and personal goals. Corey is a big believer in the power of online learning and community with 15 years of finance and accounting experience.

Joe

Joe is the owner of Wisdify.  He is passionate about learning and development, he loves helping people achieve their professional and personal goals. Joe is a big believer in the power of online learning and community with 20 years of finance and accounting experience.

 

Kelsey Murphy

Kelsey is Wisdify’s expert content developer. Taking feedback from our students, Kelsey creates extremely relevant blog posts and leads the development of Wisdify’s other free resources.

Prior to Wisdify, Kelsey worked as a business technology strategy consultant for Forrester, a global research and advisory firm. While there, she acted as project manager for numerous research-based consulting projects.

Kelsey earned a BA in Economics and Mathematics from Wellesley College.

Madison Bess

Madison oversees the social media strategy at Wisdify and makes sure we stay closely connected with our students, receive their feedback, and provide our students with valuable information.

Prior to Wisdify, Madison successfully ran the social media accounts for multiple companies. She also found time to start her own personal training company (which she still runs).

Madison earned a BA in English from Brigham Young University.

Maryn Coughran

Maryn is a co-founder and leads the marketing and outreach efforts at Wisdify. She ensures we are connecting with our customers, hearing their feedback, and then implementing their suggestions.

Prior to Wisdify, Maryn co-founded (along with Nate) BostonExcel, a Microsoft Excel training company that worked with dozens of companies in virtually every industry. Maryn’s clients included numerous Fortune 1000 companies, prestigious universities, startups and everything in between. She also happened to write and illustrate a children’s book. Let’s just say she’s a woman of many talents.

Maryn earned a BA in Economics from Wellesley College.

The Buckaroos

Gwyn, Jack, and Kate are the adorable tow-heads that lead up Wisdify’s campaigns on cuteness, energy, and sleep-deprivation.