2010 Operating Budget Projection HCS/577 29 July 2013 2010 Operating Budget Projection Based upon a review of the Patton Fuller Community Hospital 2009 operating budget variances, the long and short term plans of the various hospital departments and an in depth analysis of general economic conditions, the following assumptions have been concluded and will be used in the preparation of the 2010 operating budget projections. Patton Fuller Community Hospital should anticipate
Words: 723 - Pages: 3
HCS/405 December 22, 2014 Terri Andrews Sensitivity Analysis Many organizations have data analysis to review the financial statements, annual report, and budget issue documents; The Patton-Fuller Community Hospital is no different. In this analysis we will look over and address all of the areas that affect staffing at Patton-Fuller. These areas will vary between the numbers of nurses to the number of patients as well as staff compensation from wages to raises. A comparison of two years’
Words: 1355 - Pages: 6
2010 Operating Budget Projection HCS/577 29 July 2013 2010 Operating Budget Projection Based upon a review of the Patton Fuller Community Hospital 2009 operating budget variances, the long and short term plans of the various hospital departments and an in depth analysis of general economic conditions, the following assumptions have been concluded and will be used in the preparation of the 2010 operating budget projections. Patton Fuller Community Hospital should anticipate
Words: 723 - Pages: 3
HCS 577 September 2012 Health Care Budget Manage a health care organization is not an easy task, the compromise with the community to provide an excellent service and the responsibility of keeping the profitability and viability of the organization makes health care management a complex and every day challenging profession. It require effective practices to avoid the failure of the business. Independently if the organization is not-for-profit or for-profit, a vital duty of the management
Words: 1086 - Pages: 5
Health Care Cost Study: Financial Statements The Patton-Fuller Community Hospital has been serving the community since 1975; so handling financial statements are familiar with them. The discussion in this paper will enlighten what is the difference of audited and unaudited statements, the relationship between revenue sources and expenses on performance, and the effect of revenue sources on financial reporting. It will also discuss is the hospital’s revenues and expenses grouped for planning
Words: 965 - Pages: 4
Financial Data Analysis Jesse Patacsil HCS 577 June 29, 2012 Financial Data Analysis Financial data analysis is the procedure for assessing budgets and other finance-related things to determine the sustainability of a business venture. A financial analysis is used to analyze whether a unit is constant, solvent, liquid, or profitable enough to be invested in by shareholders. When looking at a specific company, the financial analyst will often focus on the income statement, balance sheet,
Words: 778 - Pages: 4
sources of revenue for various health care entities. The fundamentals of financial planning, cost concepts, capital budgeting, and management analysis are applied in the health care environment. Issues surrounding the development and management of budgets are also examined. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document
Words: 2212 - Pages: 9
Financial Statements Review Financial Statements Review The following paper will address the Patton-Fuller Community Hospitals financial statements including the differences between the audited and unaudited financial statements, the effect that revenue sources had on the financial reporting for the hospital and how the hospitals revenue and expenses were grouped for planning and control. When organizations report unaudited financials it is important to realize there may be changes in the audited
Words: 782 - Pages: 4
Benjamin Ovando Health Care Business Analysis In creating a new operating budget a decision had to consider the type of budget that would best fit the needs of the hospital. Since there is several financial management practices involved with creating an operating budget, we must understand which practice will help us create a budget that is substantial for the needs of Patton Fuller Community Hospital. The Patton Fuller Community Hospital Nursing Statistics provided information including cost
Words: 2037 - Pages: 9
are very similar in their ratios. The audited reports show more validity to the numbers and should be looked at more than the unaudited reports. I believe that the next year and next five years can be based on either ratio and the board can get the budget for the next few years pretty close to what they need to be. 3. DCOH: Unrestricted Cash & Cash Equivalent/(Cash Operation Expenses/365) UNAUDITED: 2009: $22,995/($462,293/365) = 18.2 2008: $41,851/($437,424/365) = 34.9 4. Days
Words: 684 - Pages: 3
