Patton-Fuller Ratio Computation Team B: When it comes to the CEO’s report, we cannot agree with the entire report. Some of the results mentioned in the CEO’s report are based on the unaudited financial statements. The CEO mentioned a 3% increase in expenses, as shown in the unaudited reports, but when figuring out the ratios in the audited reports, the expenses show an average of a 9% increase. However, in the audited reports, it does show an average increase of 9% for the revenues of this
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Ratio Computation HCS 405, University of Phoenix November 5, 2012 Diana Schilling Eight Basic Ratio’s Used in Health Care Liquidity Ratios 1. Current Ratio: Current Assets/Current Liabilities UNAUDITED: 2009: $128,867/$23,807 = 5.41 2008: $130,026/$8,380 = 15.52 AUDITED: 2009: $127,867/$23,807 = 5.37 2008: $130,026/$8,380 = 15.52 2. Quick Ratio: Cash & Cash Equivalents + Net Receivables/Current Liabilities UNAUDITED: 2009: $22,995 + ($59,787-$10,757)/$23,807 = 3.03 2008:
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financial statements. There was a deficient -$18,856 in cash and cash equivalents between 2008 and 2009 as well as a decline in assets of limited use of $14,257. However, an increase of $21,121 in the patient account receivable demonstrating Patton-Fuller Community Hospital (PFCH) had an increase in patient care and services. There was a rise in accounts receivable with a result of $0 revenue. It was noted in the inventories there was a $1 million dollar difference between 2009 and 2008. It was
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Integrative Network Design Project Part 1 NTC/362 May 5, 2014 Fernando Casafranca Integrative Network Design Project The Patton-Fuller Community Hospital looks to upgrade their Information Technology (IT) capability beginning with their networks. The characteristics, components, and topology are evaluated to properly identify the needs for the new network design. The plan includes converting to a Wireless Local Area Network (WLAN), installing a Voice over Internet Protocol
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hospital’s revenue and expenses grouped for planning and control. How did the audited and unaudited financial statements differ? (Santiago) The importance of performing proper audits of financial statements should not be underestimated. For example, Patton Fuller performed an audit of their records and found a discrepancy of $1,000 in the 2009 total assets as compared to the unaudited documents. Although some may find this amount as minimal due to the total amount of current assets at hand, finding the
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Patton-Fuller Community Hospital Jason Raines CMGT/554 IT Infrastructure October 14, 2013 La Shanda Perry Network Operations Patton-Fuller Community Hospital is known for specializing in surgery, medical care, physical therapy, radiology, pharmacy, labor, and delivery. Patton-Fuller Community Hospital has been in business since 1975. The hospital’s main focus is to provide quality medical care to all of their patients both adults and children. Patton-Fuller Community Hospital is one of
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Financial Statement Review Team C HCS/405 September 15, 2014 Financial Statement Review Introduction This summary review provides insight in the Patton-Fuller Community Hospital financial statement. This paper will show the relationship between the two sources of revenue and expenses on the financial report, also review the annual reports from 2008-2009, along with the difference between the two statements audited and unaudited. In addition, the paper will show how the impact of the
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Code of Ethics Nancy Meier XMGT/216 August 15, 2014 Swinton Hudson Code of Ethics Here at Patton-Fuller Community Hospital all employees must strive to uphold the integrity of the hospital. Employees will strive to comply with all applicable laws and regulations relating to their duties. Ensure that all patients, regardless of race, religion, age, sex, or sexual preference, are treated fairly and with compassion. In the case that someone may see an employee acting in an irrespectable manner
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Executive Summary: Patton Fuller community hospital uses the clinical system, which is an integrated suite of healthcare applications that support various patient care like registration and scheduling; clinical orders, chart entries and reviews for physicians, nurses, emergency department personnel, and other care providers; systems for lab technicians, pharmacists, and radiologists; billing systems and insurers; and outpatient systems for the hospital’s outpatient clinics.System is built on a two-tier
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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 of nurse per hour, cost of nurse per 24 hour day, number of nurses per patient, number of nurses per day, nursing cost per day, and nursing cost per month
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