Expenses for cardiac care unit

Let’s assume that the chief executive officer of a mid-sized hospital has asked you to forecast the expenses for next year for the cardiac care unit of your hospital. You have decided that performing a trend analysis would be ideal.

• Based on the module notes and readings, what area, revenue or expense item/category would you include in your trend analysis for your organization. Explain why.
• If you could choose only two ( ratios from the eight ratios discussed this week, which ones would you apply to get a sense of how the unit is doing. Explain why.
• What would you present to the chief executive officer based on the outcome of your analysis?