Financial Data Analysis PfchEssay Preview: Financial Data Analysis PfchReport this essayFinancial Data AnalysisPatton-Fuller Community Hospital (PFCH) was established in 1975 to provide health care services to the members and residents of the Kelsey Community(PFCH Annual Report, 2009). The physicians that work in Patton Fuller are also the owners and operate at a for profit community hospital. The stakeholders and the health care providers are one and the same at Patton Fuller and they thrive on providing quality services to their patients. As a for profit community hospital Patton Fuller relies on several factors to earn revenue, they are the only health care facility servicing the Northwest region, they have the space and capacity for 600 beds for patients, these 600 beds are usually filled to capacity since 80% of their assets come from patients who receive in hospital services and surgeries, and it is obvious that Patton Fuller does not negate patients with per-existing conditions because their revenue to patients ratio is so high. This paper will give a overview of the financial data of Patton Fuller community hospital.
Differences between 2008 and 2009When reviewing the balance sheet for Patton Fuller for 2008 and 2009 one of the first assessments that is reflective is that the cash and its equivalents along with the assets for limited use in 2008 are the same notations of $41,851 (PFCH Annual Report, 2009). But in 2009 these entries are approximately $20,000 less available cash and assets accessible to the company. This nearly 50% difference can be attributed to the fact that the stock market suffered a decline, along with the real estate division, making Patton Fuller Community hospital reassess their investments and show on their income statement the lost of assets because of the decline (PFCH Annual Report, 2009). Although this is written as a loss on the income statement, future long-term goals of Patton Fuller and the recovery of the stock market will depict this loss at a lower amount.
In totality the difference in total assets for Patton Fuller in 2009 and 2008 is less than 20%, foretelling that the facility was functioning with an equal level of quality services (PFCH Annual Report, 2009).
The Statement of Revenue for 2008 and 2009 show a profound gain in patient accounts receivables from 2008 and 2009. Apparently, managed care companies were not in agreement with the contracted elements and were in disagreement (PFCH Annual Report, 2009). Overall the income from patient services received increased by 9% in 2008 and expenses also increased by 6% showing a considerable increase in patient accounts receivables. When you add the extra payments from these percentages to the 2009 fiscal budget there is more than 50% increase available in patient accounts. The stakeholders decided that they had enough assets available to increase the amount of supplies and equipment purchased in 2009 as reflected in
P&I Statement of Revenue
in 2010.
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