The chief financial officer of a hospital wants to evaluate the year-to-year change in expenses by area.
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The chief financial officer of a hospital wants to evaluate the year-to-year change in expenses by area. What areas had the highest and lowest growth, and what recommendations would you give the CFO regarding further investigation?
Operating Expenses | 31-Dec-21 | 31-Dec-22 | $ Change | % Change |
General surgery | $16,500,000 | $17,000,000 | $500,000 | 3.00% |
Internal medicine | 12,300,000 | 12,600,000 | 300,000 | 2.40% |
Oncology | 10,900,000 | 11,700,000 | 800,000 | 7.30% |
OB/GYN | 7,600,000 | 7,800,000 | 200,000 | 2.60% |
Emergency | 4,500,000 | 4,900,000 | 400,000 | 8.90% |
Ambulatory care | 7,200,000 | 7,400,000 | 200,000 | 2.80% |
Administration | 22,600,000 | 24,100,000 | 1,500,000 | 6.60% |
Depreciation | 8,100,000 | 8,300,000 | 200,000 | 2.50% |
Interest | 3,200,000 | 3,100,000 | -100,000 | -3.10% |
Total Expenses | $92,900,000 | $96,900,000 | $4,000,000 | 4.30% |
Related Book For
Business Ethics Case Studies And Selected Readings
ISBN: 9780357453865
9th Edition
Authors: Marianne M. Jennings
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