Patton- Fuller Financial Statement Review Learning Team B HCS/405 June 22‚ 2015 Joe Gazdik Patton- Fuller Financial Statement Review The success of any organization is heavily based on its ability to appropriately handle every aspect of its financials. Those aspects include a range of financial activities that include the inflow of cash and the outflow of cash which can be affected by a number of events including the raising of revenue through products or services‚ investments‚ purchases
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Patton-Fuller Financial Statement Review Marlyn Aguirre Kristy Borowicz Carrie "Shellie" Cobbs Jessica Wilson Health Care Financial Accounting HCS 405 Robert Hammer November 05‚ 2013 Patton-Fuller Financial Statement Review Understanding how finance affects business is essential to the success and longevity of the business. How a business earns its income‚ raises money‚ and how a business pays its bills and invests in the businesses future affects the financial growth of the company. The process
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Financial Data Analysis Patton Fuller Community Hospital is a for profit organization. The organization is committed to providing quality and service to their patients. Its organization is owned by a group of active physicians that can provide care approximately to 600 patients in a full service environment. As Finkler and Ward mention every health care organization should show signs of profit in order to purchase the newest technologies and be able to be compete (Finkler & Ward‚ 2006). Patton
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Patton-fuller community hospital case study Abstract Finance‚ understanding how it affects the smallest business to the largest organization‚ is the origin to financial success in businesses. According to Gitman (2006)‚ finance is the art and science of managing money. Virtually every individual business and large organization‚ Be the organization for profit or non-profit‚ depends on the rates at which these entities earn‚ or raise money‚ and the rate at which they spend or invest these earned
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Ratio Computation for Patton-Fuller Community Hospital Virtual Organization Team D HCS/405 July 23rd‚ 2014 David Lang Ratio Computation for Patton-Fuller Community Hospital Virtual Organization In this paper‚ we will review the financial statements of the Patton-Fuller Hospital Virtual Organization. It will consist of computing eight different ratios based on unaudited financial statements‚ and we will then critique its operating results and financial position. The comparison of the unaudited
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The annual report gives a summary of an organizations financial year. In the report there are different reports used such as a balance sheet and also a statement of revenue and expenses. In the case of Patton and Fuller it was considered a successful year in 2009. The hospital gets 80% of its revenue from inpatient activities. The net patient revenue increased in 2009 by more than 9%. Here are copies of both the balance sheet and the statement of revenue and expenses. Patton - Fuller Community
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Introduction Patton-Fuller Community hospital is committed to offering our patients innovative medical services. This is not possible if the financial staff does not take steps to ensure the relationship between sources and expenses reflect positive results. Understanding the differences between the audited and unaudited financial statements will allow the facility to balance its finances. We will evaluate the effects of revenue sources for planning and control. Examining the differences between
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Patton-Fuller Community Hospital Networking Introduction: Patton-Fuller Community Hospital has been serving the needs of its community since 1975. To maintain functionality over such a long span of time‚ Patton-Fuller has had to adapt to changing technologies. Today‚ Patton-Fuller utilizes Information Technology to its fullest‚ establishing a network in which vital data can be transferred both internally and externally with ease and speed. The communication of this data can be visualized via
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Patton-Fuller Ratio Computation Shourn Henderson‚ Marilyn Lilly‚ Noralva Rodriguez HCS/405 February 11‚ 2013 Dr. Ben Kukoyi Patton-Fuller Ratio Computation Introduction This paper will address the ratio computations to Patton-Fuller Community Hospital taken from Audited and Unaudited Reports from 2008-2009. From 2008-2009 the existing assets reduced‚ but showed a growth in the hospital’s responsibilities. The hospital is presently making adequate revenue to cover the debts‚ which
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Introduction Since its inception in 1975‚ Patton – Fuller Community Hospital has been dedicated to providing cutting-edge medical care to the people of Kelsey and the surrounding communities. PFCH is a for-profit hospital and is owned by physicians active at the facility. Quality patient care is the key to a hospital’s success and as shareholders in PFCH. The hospital has seven network diagrams divided into two areas; the first one is clinical areas‚ which include ERs and ORs‚ Pharmacy‚ Labs‚
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