Patton-fuller community hospital case study Abstract
Finance, understanding how it affects the smallest business to the largest organization, is the origin to financial success in businesses. According to Gitman (2006), finance is the art and science of managing money. Virtually every individual business and large organization, Be the organization for profit or non-profit, depends on the rates at which these entities earn, or raise money, and the rate at which they spend or invest these earned monies. Understanding these financial processes will enable the financial manager, or even the non-financial managers to more effectively interact with financial personnel, processes, and procedures.
Patton-fuller community hospital case (Patton-Fuller, 2011). The revenues section shows net patient revenue plus other revenue, and these are totaled together. The section of non-operating and operating income is where the total investment income is. The last section of the statement is the net income. The net income consists of the total revenue minus the expenses and losses. This section is used for the planning and controlling of costs. . (Patton-Fuller, 2011). The Patton-Fuller financial statements show differences in the audited vs. the unaudited statements. It shows how they are improving or not, the effects of revenue in the report, and how it is used to control and planning. It seems the hospital’s revenues are grouped and controlled appropriately.
Conclusion There seems to be some inconsistencies in the financial statement itself. As long as the financial reports are reviewed on a regular basis, it should alleviate any problems that may arise, and allow these problems to be fixed. If the mistakes seem to keep happening, then the company may find itself in a lot of financial trouble, which in turn may lead to the demise of the company. Reviewing cannot be stressed enough. You need to be able to see where your problems are at in
Patton-Fuller Community Hospital Ratio Computation 2009 and 2008 This paper will show the ratio computations to Patton-Fuller Community Hospital. From these computations, taken from the Unaudited and Audited Reports from 2009 and 2008, Team E will address significant changes, if any occurred, and address what Patton-Fuller Community Hospital plans are within the next year to five years regarding any changes. In closing this paper will address the reasons that our team agrees or disagrees…
functional areas may rely on another functional area for support. For example, Patton - Fuller Community Hospital's organizational structure is divided into many functional areas such as human resources, operations, nursing, financial, environment, and information technology that all are essential to another areas achievements. Organizations Primary Reasons for Existence "Patient care is our most important job" (Patton - Fuller Community Hospital, 2013). Offering every patient the highest level of…
Team A- Week 4 Assignment – Patton-Fuller Community Hospital University of Phoenix CMGT 554 Patton-Fuller Community Hospital Information systems assist Patton-Fuller Community Hospital in setting and accomplishing it goals of improving and collaborating interdepartmentally with management, employees, staff, and customers (Apollo Group, Inc, 2013). Proficient information systems objectives are to provide effective and efficient services; add profit and cost-avoidance; and social responsibility…
Patton-Fuller Community Hospital Budget Over the years financial management has been a concept that is flourishing in the world of health care. “Until the 1960s, financial management in all industries was generally viewed as descriptive in nature, with its primary role being to secure the financing needed to meet a business’s operating objectives” (Gapenski, 2008, pg.26). However, today, financial management holds a more significant role in the management of businesses overall. “Now, the primary…
here at Patton-Fuller community Hospital in this presentation would like to introduce you to our organization we treat all types of health concerns by providing the needs at any stage of life. Our organization requires an individual who can accept the leadership role and understand their accountable to ensure all characteristics of the companies objectives in Human resource. We develop, establish and maintain policies and procedures that ensure success is our goal. Here at Patton-Fuller the importance…
SDLC Final Project Team B Barbara Stump, Shrliane Manuel, Stacie Carrington and Denise Lopez-Malave BSA/376 April 02, 2012 Dr. Todd Feuerherm Statement of Scope and goals Patton-Fuller Community Hospital is trying to implement a new patient management system in order to service the patient with as pleasant an experience as possible. The Scope- Being able to develop the patient management system to track patient check-in, appointments, and surgery. Benefits- The benefit would be less…
INDP Final Project Nathan Nemitz NTC-362 March 16, 2015 Eddie Horton INDP Final Project The network requirements by Patton-Fuller have a few more points to add to the plan. There is an explanation on the final network design to include a timeline for the project. The design approach and rationale is covered briefly as well as an analysis of the detailed design. There was a specific requirement of 20MBps which led to a further explanation of various network data transmission rates. Security is…
Resource: Patton-Fuller Community Hospital Virtual Organization Based on Patton-Fuller Community Hospital Network, prepare a 1,500 - to 2,500-word paper including the following: - Identify network system elements (routers, switches, servers and workstations etc) in use. (10 pts) - Identify network protocols in use within each of the seven OSI layers. (5 pts) - Research on networks deployed by other health care organizations and recommend additional network elements and protocols…
transmission takes place over fiber-optic cables. A downfall of this type of Ethernet is that it is susceptible to electromagnetic interference (EMI) which can cause devices to malfunction. The telecommunications that are currently being used by Patton-Fuller Hospital provide communication between the hospital, its staff and patients. The systems that are used help integrate the operating of the hospital for the patients. This is done by faxing, coping and printing of the records when needed. The right…
Participation Participate in class discussion. 3/19/12 2 Nongraded Activities and Preparation INDP Final Project For this assignment, choose one of the following options: Option 1: Riordan Manufacturing Option 2: Kudler Fine Foods Option 3: Patton-Fuller Community Hospital Review the assignment instructions in the University of Phoenix Material: Integrative Network Design Project. Select a Virtual Organization for the Integrative Network Design Project (INDP) Final Project assignment, due in…