Revere Community Hospital is starting the process of projecting next years inpatient expenses by payer....
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Accounting
Revere Community Hospital is starting the process of projecting next years 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 |
% Change | |
| 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 | _______ | _______ |
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