Are the financial ratios for the hospital improving? The Answer is: No There is a essential use and limitations of financial ratio analysis, One must keep in mind the following issues when using financial ratios: One of the most important reasons for using financial ratio analysis is comparability and for this, a reference point is required. Usually, financial ratios are compared to historical ratios of the business itself, competitor’s financial ratios or the overall ratios of the industry
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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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Introduction This paper will address the ratio computations to Patton Fuller Community Hospital taken from Audited and Unaudited Reports from year 2008 and 2009. Team E will indicate the significant changes from 2008 and 2009 that occurred. From 2008 and 2009 the remaining assets reduced, but showed an increase in the hospital’s obligations. The hospital is at the moment creating an adequate revenue to comprise the debt of the hospital from increasing in expenses. The Revenue needs improvement
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10/29/2014 Steven Randel Patton- Fuller Community Hospital The network’s fundamental characteristics and components- The Patton-Fuller Community Hospital is serving the public and they have the responsibility of providing good service and protecting each patient’s rights. The Health Insurance Portability and Accountability Act (HIPAA) outlines the principles and requirements that the hospital must use to ensure they are protecting patient’s rights. In the Patton-Fuller Community Hospital there
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With an increase in technological sophistication on the ERP and CRM systems, there is now a growing need to bridge the gap between the services offered by these different software systems. According to one estimate, the tech industry is losing as much as $30 billion every year due to an asynchronous business management system that has not brought the data from ERP and CRM together. Writing for a Forrester Research report, Ray Wang, an analyst with the firm said, “ERP systems provide much-needed
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Running Head: Professional Regulation and Criminal Liability Regulation of Nursing Practice and Legal Aspects Marie Alexandre University Of Phoenix HCS/430 - LEGAL ISSUES IN HEALTH CARE: REGULATION AND COMPLIANCE Instructor: LENORA SMITH July 4th 2011 Running Head: Professional Regulation and Criminal
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audited and the unaudited amounts remained the same with no negative amounts. Some of the amounts on the audited financial statement and the unaudited financial statement were different and did not match but several thousand dollars. The Patton-Fuller Community hospital needs to hire a financial representative who has experience with accounting in order to keep their statements and accounts compliant with positive numbers. Using the previous year as a format for how to prepare for the upcoming
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Patton Fuller Hospital NTC/362 January 20, 2014 Patton Fuller Hospital Patton Fuller is a community hospital that has been proudly serving the community since 1975. Patience care is number one, and they thrive to ensure each of their patients experience is as pleasant as possible. Hospitals are under enormous pressure to treat patients in the most effective and efficient way. By leveraging the best IT systems, health organizations provide the type of patient care with the speed and efficiency
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Review the financial statements, located in the Patton Fuller Community Hospital Virtual Organization. 1. Click on the Virtual Organization link on the left column of the student website. 2. Click on the Healthcare tab and acc1ess the Patton-Fuller Community Hospital. 3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements. Compute the eight ratios—as shown in Chapter 11—for Patton-Fuller Hospital based on its unaudited financial statements
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Patton-Fuller Community Hospital’s Backbone Network Structure The hospitals current backbone network structure for the Executive Management, Human Resources, Operations, Facilities, Finance and the IT & Data departments all use 1000 Base T with a CAT 6 cable. There is a Network Bridge that connects the Cisco Router and the Mac Pro Server using 1000 Base F with a single mode fiber to the Health Insurance Portability and Accountability Act (HIPAA) partition of the hospital. These sections are the
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