9/1/14 UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT Chapter 14 -- Financial Forecasting

9/1/14 UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT

Chapter 14 -- Financial Forecasting

PROBLEM 1

Florida Home Health is a small home care agency owned by a group practice of nurses and physical

therapists in Tampa, Florida. During the past few years, the company reported the following revenues:

Year Revenues (thousands)

1 $2,058

2 $2,534

3 $2,472

4 $2,850

5 $3,000

6 ?

Predict Florida Home Health's Year 6 revenue.

ANSWER