Healthcare Case Study

Healthcare Case Study

HCS/405

April, 2, 2011

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Kathleen Galuszka

Annual reports includes a description of the company’s financial statements, balance sheet, statement retained earnings, income, cash flow statement, and information such as company stocks and dividends “Annual reports are formal financial statements published yearly and sent to company stockholders and various other interested parties these reports assess the year’s operations and discuss the company’s’ view of the upcoming year and the companies’ place and prospects in the industries.

Since 1975 Patton-Fuller Community Hospital a non-profit health care organization aim was to become a trusted organization and provided a broad array of superior quality services to the city that include specialized emergency medical care, surgery, physical therapy, labor, radiology for adults and children.

Today with the rise of health costs, the need for efficient care management is on the list of priorities. Patton-Fuller understands this need and therefore focuses on the perspective of key stakeholders, patients, providers, employees in the collaboration process Financial statements tell huge amount about an organization in terms of how good the company is at making money what they own and how paying for the operation. Assets are need for the company to run smoothly. While analyzing income on these financial statements there need to be a certain amount of cash flow to pay bills, creditors, and finance a growing organization. A positive cash flow generates enough cash to keep the organization running efficiently and lack of cash flow could result in financial difficulty.

Audited and unaudited financial statements differ

The following paragraphs the Patton—Fuller’s financial statements and annually reports will explain how the hospital...