Snowden Hospital is reviewing its inpatient services lines using the following table to calculate the year-to-year change in expenses (millions).
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Get it written →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
2. Snowden Hospital is reviewing its inpatient services lines using the following table to calculate the year-to-year change in expenses (millions) by department. Which departments have the highest and lowest growth rates? Which departments’ expenses are growing faster than overall expenses?
2021 2022
Department Expenses % Expenses % Change
Laboratory $10.9 $11.1
Radiology 13.3 13.5
Pharmacy 14.1 14.8
Emergency Department 7.0 7.1
Operating Rooms 9.7 10.1
Respiratory Therapy 6.2 6.2
Nursing 35.3 36.3
Physical Therapy 3.5 3.6
Central Supply 17.7 18.6
Administration 4.4 4.5
Finance 5.3 5.4
Human Resources 2.1 2.1
Housekeeping 6.8 6.9
Total Expenses $136.3 $140.2
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