Financial Data Analysis Essay - 755 Words

Financial Data Analysis Daphnnee Johnson HCS 577 March 18, 2013 Sharon Gomes-Sanders Financial Data Analysis After reviewing the balance sheet for Patton-Fuller Hospital for 2008 and 2009, there are significant differences that are noticeable. The retained earnings (or Net Worth or Unrestricted Fund Balance) drastically decreased from 2008 to 2009 (Apollo Group, 2006). The dollar amount decrease is -209,471, this makes a decrease of over 65%. Long-term debt increase to more than 116% from 2008 to 2009 as well (Apollo Group, 2006). This is a massively huge increase. Total current liabilities also increase as a whole by 184.09%†¦show more content†¦This occurred in 2008, but in 2009 in accordance to her will, the hospital received a money donation from her estate. This $1,000,000 donation is noted as an unrestricted donation (Apollo Group, 2006). This unrestricted donation is recorded on the Interim Statement of Income in December 2009 (Apollo Group, 2006). â€Å"Decl ines in the stock market and real estate markets resulted in a sharp drop in the return on investment income. This caused PFCH to reassess the value of its investments and, on their auditors’ advice, to write down those assets (Apollo Group, 2006, p. 3). Another reason the number were so drastically different was because every December Patton-Fuller Community Hospital conducts an annual inventory (Apollo Group, 2006). When the hospital conducted its inventory their expenses for their supplies were way underestimated by about a million dollars (Apollo Group, 2006). So this had to be added on as a cost to December’s statement. This underestimate of supply expenses made January to November’s reports not correct, so December had to report the actual figures (Apollo Group, 2006). Therefore, December looked like it was a crazy month for the hospital. â€Å"Following the favorable settlement of some managed care contract disputes, net patient revenue increased b y 9% over the previous year, with an averageShow MoreRelatedFinancial Data Analysis838 Words   |  4 PagesFinancial Data Analysis Tracey White HCS/577 April 15, 2013 David Mier Financial Data Analysis In addition to delivering health care of the highest quality, another main goal of a health care organization is to remain profitable and viable through effective financial management. 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