Patton Fuller Provide a Comparative Analysis of Essay

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Patton Fuller

Provide a comparative analysis of the last two years of data.

In the case of Patton Fuller Hospital, they have been increasing their total amounts of debt, liabilities and assets. This is weakening their financial position with administrators failing to aggressively address rising expenses. At the same time, they are causing the total current and long-term assets to decrease dramatically. The below table is illustrating the overall scope of these changes in the last two years. ("2009 Annual Report," 2010)

Adjustments to the Financial Position of Patton Fuller Hospital

Current Assets

$130,026

$128,867

Total Assets

$588,567

$558,545

Total Current Liabilities

$8,380

$23,807

Total Liabilities

$213,450

$462,163

Current Long-Term Debt

$4,185

$14,599

This is showing how Patton Fuller is facing major financial challenges. The way that this is occurring is through the facility experiencing rising levels of debt and liabilities. While their current and long-term assets are declining. These factors are indicating that increasing costs are having an adverse effect on the operations of the facility. ("2009 Annual Report," 2010)

Explain how the 2010 budget assumptions will positively or negatively affect Patton-Fuller.

The budgetary assumptions are negatively impacting Patton Fuller. This is because the facility is underestimating their costs associated with treating inpatients.

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According to the CEO, these estimates were $1 million below what the projections were for the last year. This is from the economy slowing and the hospital realizing declining levels of income. While the costs; for providing care have continued to increase exponentially. ("2009 Annual Report," 2010)

Evidence of this can be seen with the CEO saying, "To address the rise in Accounts Receivable, the Board created a business management committee to examine and report on efficiencies in the business office, including the error in inventory expense and the increase in inventory overall. We started 2010, in an environment of uncertainty fueled by an uneven economy, continued high unemployment and the contentious debate of healthcare reform." This is showing how the 2010 budgetary assumptions are underestimating the impact of inefficiency, government regulations and rising costs on the hospital. ("2009 Annual Report," 2010)

Explain how you may use a trend analysis to plan for staffing at Patton-Fuller.

Trend analysis is useful in showing the way staffing problems are becoming worse. This is because it is identifying how the ratio of nurses to patients is declining with it sitting at 5 to 1. In the next.....

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