Financial Data Analysis for Patton Fuller Community Hospital

In: Business and Management

Submitted By blackmamafsu
Words 692
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Financial Data Analysis for Patton Fuller Community Hospital

Bobbie Griffin

HCS/577

April 16, 2012
Crystal Chilman
University of Phoenix

Patton Fuller Community Hospital

This paper will analyze the for-profit organization, Patton Fuller Community Hospital, financial data and determine what happened to with the $1 million that Abigail left to the hospital after she passed. Patton Fuller is very dedicated into providing excellent services to their patients. This community hospital is owned by a group of practicing physicians with the aim of providing quality care to around 600 plus patients in a complete service setting. Finkler and Ward mentioned that all health care organizationought to demonstrate signs of revenue in order to obtain newer technology and be able to be compete with other organizations (Finkler & Ward, 2006). The community hospital provided a financial report also known as financial audit. Gapenski stated that a monetary report show the monetary account of an organization from beginning to end, a cash flow statement, income statement and the balance sheet (Gapenski, 2008). This statement identifies the financial stability of the organization and includes but not limited to the cash flow statements, income statement, and the balance sheet. The organization’s financial reports show a considerable differentiation between 2008 and 2009. Based on the examination performed for Patton Fuller Community Hospital, auditors point out that there was a 10% raise in patient revenues as well as additional revenues. This may possibly be contributed to the raise in patient visits and admissions to the hospital. Based on the observation of the audited form submitted, it is noted under the expenses that Patton Fuller Community Hospital experienced many increases. The supplies line item experienced a 5%…...

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