Question
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
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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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
