Financial Statement Review
Team B
December 10, 2014
HCS/405
Mr. Henderson

The Patton-Fuller Community Hospital represents a structure organization within the healthcare setting where the highest quality of care is aimed among all employees. Although the quality of care holds a vital of importance within the healthcare organization, finance and budgeting plays a very important role as well. Finance with any organization paves the way to great success for their consumers along with their medical staff. According to the financial statements, Patton-Fuller Community Hospital has a variety of departments accepting inpatient activity allowing the organization to accumulate eighty-percent of revenue. By comparing the annual financial reports, Patton-Fuller Community Hospital has accumulated an excessive amount of debt in areas such as staffing and supplies. With continuous research, the finance department has implemented financial ratios comparing the differences between un-audited and audited statement to ensure less expenditures and ways to plan and control.
The balance sheet was completely unaudited in the years of 2009-2008. During the year 2009 the over-all current assets was $128,867 and in 2008 the entire current asset was approximately $130,026 therefore in 2008 it was a much enhanced year. In 2009 the total assets listed at $588,767 and throughout 2008 the whole assets were at $548,535. In 2009 the existing liabilities was $23,807 and ongoing in 2008 the complete modern liabilities were $8,380. In the year 2008 there was less money paid out than in 2009. All together the total liabilities throughout 2009 were $462,153 and the total liabilities that was paid out in 2008 were $213,450 total.
Patton Fuller Community Hospital divide the revenue up into two categories, one being the net patient revenue and the next one is called the other. The hospital’s