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Problems 1. Snowden Hospital is reviewing its inpatient services lines using the following table to calculate the year-to-year change in expenses (millions). Which services lines
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1. Snowden Hospital is reviewing its inpatient services lines using the following table to calculate the year-to-year change in expenses (millions). Which services lines have the highest and lowest growth rates? Which service line expenses are growing faster than the average for inpatient services?
2021 | 2022 | |||||
Inpatient services | $ (millions) | % | $ (millions) | % | CHANGE | |
Internal Medicine | $24.3 | $24.80 | ||||
Oncology | 18.1 | 18.3 | ||||
Cardiology | 30.7 | 31.5 | ||||
Neurology | 12.5 | 12.8 | ||||
Obstetrics | 6.9 | 7.0 | ||||
Pediatrics | 9.1 | 9.4 | ||||
General surgery | 21.5 | 22.6 | ||||
Mental health | 13.2 | 13.8 | ||||
Total Expenses | $136.3 | $140.2 |
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