Board of Visitors minutes October 7, 1978 | ||
REPORT OF THE HOSPITAL ACCOUNTS COMMITTEE
- The following resolution was adopted:
RESOLVED by The Rector and Visitors of the University of Virginia that the Hospital Accounts Committee be and it is hereby authorized to charge off as uncollectible accounts schedules totaling $5,299,612.19, as recommended by it, consisting of the following:
Bad debts $4,537,857.71 Free Service to Counties and Cities 761,754.48 --------------- Total $5,299,612.19 - In adopting this resolution, it was noted that the $4,537,857.71 item under "bad debts" is a one time catchup figure extending over a period of three or more years, and it came about due to a change which recognizes the write-off of accounts as they are sent to collection agencies outside of the University.
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Board of Visitors minutes October 7, 1978 | ||