Research Paper on:
Patton-Fuller Community Hospital Financial Strategy Planning

Unformatted Sample Text from the Research Paper:
financial statements were analyzed: statements of cash flow, statements of revenue and expense, and statements of retained earnings and stockholder equity. The statement of cashflows is useful in developing a  sound financial plan for Patton-Fuller going forward because it demonstrates the primary sources of revenue for the hospital, as well as a summary view of the facilitys net income for  the last several years. From 2008 to 2009, the companys net income remained at a loss, but the extent of the loss was reduced from $15,846 to $373 (Patton-Fuller Community  Hospital, 2010a). This figure is derived from an understanding of the expenses associated with depreciation of equipment ($28,118 in 2008 and $36,036 in 2009) (Patton-Fuller Community Hospital, 2010a). The net  cash flow from all operations from raised from $11,439 to $23,979 (Patton-Fuller Community Hospital, 2010a). Cash flow also comes from investment opportunities and not just the direct operations of  the hospital. This is reflected as well in the financial statements. Funded depreciation, for instance, can be considered a necessary investment, coming in at $4431 in 2008 and $29,434 in  2009 (Patton-Fuller Community Hospital, 2010a). Investment in property was also related to cash flow, with a sizable investment of $72,572 in 2009 leading to an overall loss of $41,390 (Patton-Fuller  Community Hospital, 2010a). Ultimately, the ending cash and cash equivalents for the hospital was $41,851 in 2008 and $22,995 in 2009 (Patton-Fuller Community Hospital, 2010a). The hospitals statement of  revenue and expense also reveals key financial information. For instance, from 2008 to 2009, the hospital revenue increased 7% from $421,314 to $462,982 (Patton-Fuller Community Hospital, 2010c). Net revenue  from patients made up the majority of this income with $418,509 in 2008 and $459,900 in 2009; revenue from other resources accounted for just a small fraction of the total: