Patton Fuller community Hospital Network Introduction Patton fuller community hospital is a reputable hospital‚ known as its strict commitment towards the proper application of the (HIPAA) rules‚ and its adherence to the standard norms being in practice‚ as well as its homogeneous business model in place that inspires lot of companies. During this paper‚ we are going to discuss the modality of this business system‚ strength points as well as the missing areas that should be
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Patton-Fuller Community Hospital QUESTIONS 1. What additional factors encountered in international as compared with domestic financial management? Discuss each briefly. International financial management is faced with many more business factors than domestic financial management. For instance‚ international businesses are required to operate in many different financial aspects around the world. International financial management must deal with customers‚ shareholders‚ vendors‚ and
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Patton-Fuller Community Hospital Joshua Harris NTC/362 August 9th‚ 2012 Richard Douglass Patton-Fuller Community Hospital ”Patton- Fuller Community Hospital has prided itself on providing top-of-the-notch not-for-profit health care organization since their opening in 1975” (University of Phoenix‚ 2012). The hospital’s specialty is in providing high-quality health care to all patients‚ and establishing peaceful work relationships within the staff. Services provided
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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 Hospital Balance Sheet as of December 31‚ 2009 and 2008 (In thousands) (Audited) 2009 | 2008 |
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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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What plans should the hospital board make for next year and the next five years? After reviewing the balance sheets for the Patton Fuller Community Hospital for the next fiscal year‚ it shows that the hospital will break even. For the year the hospital is making enough money that will cover all of their debts. The hospital will not make any profits. To avoid debts of the hospital from increasing‚ the hospital will need to increase their revenues. Healthcare organizations need to realize hospital
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Patton Fuller Community Hospital (PFCH) has been a not for profit healthcare facility since 1975 with a focus on providing the highest quality of healthcare. PFCH specializes in the following services; emergency medical care‚ specialized surgical procedures‚ baby delivery and prenatal care‚ physical therapy‚ and has a well-established radiology department. Being one of the primary healthcare facilities in their area‚ PFCH has raised the bar by providing a diverse selection of health programs that
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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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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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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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