Revere Community Hospital is starting the process of projecting next year's inpatient expenses by payer. Using the table below, calculate the percent of expense accounted for by each payer in 2021 and 2022 and the year-to-year change in expense. Which payers had the highest and lowest growth in expense in the last year?

Payer	2021	% of Total	2022	% of Total	% hange
Commercial	$16,000,000	_______	$16,800,000	_______	_______
Managed care	35,000,000	_______	36,000,000	_______	_______
Medicare	31,000,000	_______	32,000,000	_______	_______
Medicaid	6,500,000	_______	6,600,000	_______	_______
Self-pay/Charity	1,800,000	_______	1,900,000	_______	_______
	$90,300,000	_______	$93,300,000	_______	_______

Answer rating: 100% (QA)

To calculate the percent of expense accounted for by each payer in 2021 and 2022 we need to divide t... View the full answer