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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