Brooklyn Borough Hospital is examining its inpatient services to determine the year-to-year change in revenue. After...

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Brooklyn Borough Hospital is examining its inpatient services to determine the year-to-year change in revenue. After examining the chart below, please answer the questions listed. 2022 Revenue INPATIENT SERVICES (millions) 2023 Revenue (millions) Anticipated Revenue 2024 Internal Medicine $25.3 $26.1 Oncology $18.6 $19.9 Cardiology $32.1 $34.2 Neurology $12.7 $13.1 Pediatrics $6.8 6,7 Obstetrics $9.5 $9.8 Surgery $22.1 $23.6 Psychiatric $13.4 $12.6 TOTAL $140.5 $146.0 Please answer the following questions: 1. What percentage of growth is noted on the chart for each type of service? 2. List the service lines with the fastest growth and the slowest growth. 3. What are the hospitals expected total costs for 2024 based on the prior information on the chart and similar anticipated growth for 2024? B. Grouping Expenses: Fixed vs. Variable; Direct vs. Indirect Assume that Brooklyn Borough Hospital has pediatric group practice affiliated with the hospital and it has the cost structure shown below. Also assume that this pediatric group performs 7,500 procedures yearly. Fixed costs are $500,000 Variable costs per procedure is $25 Please answer the following questions: 1. Explain the difference between fixed and variable costs; explain direct and indirect costs. 2. What are the group's expected total costs? 3. What would be their costs per procedure at 5,000 and 10,000. 4. In anticipation of future costs, what types of costs would be considered direct costs and what would be considered indirect? 5. How do the expenses impact net worth? Brooklyn Borough Hospital is examining its inpatient services to determine the year-to-year change in revenue. After examining the chart below, please answer the questions listed. 2022 Revenue INPATIENT SERVICES (millions) 2023 Revenue (millions) Anticipated Revenue 2024 Internal Medicine $25.3 $26.1 Oncology $18.6 $19.9 Cardiology $32.1 $34.2 Neurology $12.7 $13.1 Pediatrics $6.8 6,7 Obstetrics $9.5 $9.8 Surgery $22.1 $23.6 Psychiatric $13.4 $12.6 TOTAL $140.5 $146.0 Please answer the following questions: 1. What percentage of growth is noted on the chart for each type of service? 2. List the service lines with the fastest growth and the slowest growth. 3. What are the hospitals expected total costs for 2024 based on the prior information on the chart and similar anticipated growth for 2024? B. Grouping Expenses: Fixed vs. Variable; Direct vs. Indirect Assume that Brooklyn Borough Hospital has pediatric group practice affiliated with the hospital and it has the cost structure shown below. Also assume that this pediatric group performs 7,500 procedures yearly. Fixed costs are $500,000 Variable costs per procedure is $25 Please answer the following questions: 1. Explain the difference between fixed and variable costs; explain direct and indirect costs. 2. What are the group's expected total costs? 3. What would be their costs per procedure at 5,000 and 10,000. 4. In anticipation of future costs, what types of costs would be considered direct costs and what would be considered indirect? 5. How do the expenses impact net worth?

Answer rating: 100% (QA)

1 Percentage of growth for each type of service Internal Medicine 261253253 x 100 317 Oncology 19918... View the full answer