...Are the financial ratios for the hospital improving? The Answer is: No There is a essential use and limitations of financial ratio analysis, One must keep in mind the following issues when using financial ratios: One of the most important reasons for using financial ratio analysis is comparability and for this, a reference point is required. Usually, financial ratios are compared to historical ratios of the business itself, competitor’s financial ratios or the overall ratios of the industry in question. Performance may be adjudged as against organizational goals or forecasts. A number of ratios must be analyzed together to get a true and reliable picture of the financial performance of the business. Relying on each ratio individually may not be a good strategy. Year-end values may not be truly representative of the actual performance of the business and hence, average values should be used when they are available. The limitations of accounting methods also apply to financial ratio analysis. The selection and application of accounting standards may result in different ratio values. Financial ratio analysis, in fact, has a great use in management accounting which differs from financial accounting in being an on-going, performance management exercise. This summary is a review of the annual report and financial statements and the differences between the audited and the unaudited statements. The financial ratios are examined to determine if there...
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...ratio computations to Patton Fuller Community Hospital taken from Audited and Unaudited Reports from year 2008 and 2009. Team E will indicate the significant changes from 2008 and 2009 that occurred. From 2008 and 2009 the remaining assets reduced, but showed an increase in the hospital’s obligations. The hospital is at the moment creating an adequate revenue to comprise the debt of the hospital from increasing in expenses. The Revenue needs improvement to avoid the debts of the hospital upsurge. To stipulate excellence service, the hospital will need to increase the quantity of patients seen and in due time increase the revenue. In finalizing our paper, we will determine the explanations that our team agrees or disagrees with the CEO’s report presented to the board. Conclusion Patton Fuller Community Hospital’s ambition is to become a reliable organization among its patients and stakeholders by delivering absolute care to the patients and by improving the prospect of stakeholders. In today’s economic crisis with the effects of rising health care costs, and the demand for economical care management is one of the most important priorities to patients. Patton Fuller empathize the need to focus on the evaluations of stakeholders, patients, providers, medical doctors, and staff in the cooperation course of action. It is appropriate for the organization to deliver a guarantee healthcare option for patients, healthcare professionals and medical doctors, Patton Fuller empathize the prominence...
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...Steven Randel Patton- Fuller Community Hospital The network’s fundamental characteristics and components- The Patton-Fuller Community Hospital is serving the public and they have the responsibility of providing good service and protecting each patient’s rights. The Health Insurance Portability and Accountability Act (HIPAA) outlines the principles and requirements that the hospital must use to ensure they are protecting patient’s rights. In the Patton-Fuller Community Hospital there are a large amount of Protected Hospital Information that needs to remain protected to meet the standards that HIPAA defines. The network is a 1000BASE-T, which supplies 1Gigabit of Ethernet connectivity over 5 cables (CAT5). This long-haul, copper-based standard is ideally suited for use within the data center because which is used in all the clinical areas of the hospital such as Emergency rooms ,Operating rooms, Pharmacy, Labs, doctor’s offices, Wards, Outpatient examining rooms, and Intensive Care Units (ICU’s) but the throughput of copper wire connections leaves room for improvement. The Administrative sections of the hospital such as IT Department, Admitting/Discharge, Facilities, Human Resources (HR), Finances, and Hospital Senior Management are using 1000BASE-T network structure. “The backbone network structure for the entire hospital is 1000BASE-T. Individual sections of departmental networks such as Radiology use different standards such as 1000 Base. ” Patton-Fuller Community Hospitals...
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...With an increase in technological sophistication on the ERP and CRM systems, there is now a growing need to bridge the gap between the services offered by these different software systems. According to one estimate, the tech industry is losing as much as $30 billion every year due to an asynchronous business management system that has not brought the data from ERP and CRM together. Writing for a Forrester Research report, Ray Wang, an analyst with the firm said, “ERP systems provide much-needed internal information that can be shared with new stakeholders. CRM systems provide the entry point for stakeholders to engage with an organization. You can't really have one without the other and be successful in the marketplace”. While businesses have realized this and have continued to invest in both the systems, the problem here is that this is being pursued as an IT challenge and not a business one. Today, ERP and CRM perform two vastly different functions in an organization. While ERP helps in better coordination of material and human resources within the organization, the CRM helps in handling customer accounts and their resource needs with the organization. Consider a pretty basic scenario where one of your customer orders 1000 widgets. Typically, the business takes a purchase order for these 1000 widgets from the customer and transfers this to the production department who then take stock of the current inventory. Depending on this information, they set up additonal manufacturing...
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...Running Head: Professional Regulation and Criminal Liability Regulation of Nursing Practice and Legal Aspects Marie Alexandre University Of Phoenix HCS/430 - LEGAL ISSUES IN HEALTH CARE: REGULATION AND COMPLIANCE Instructor: LENORA SMITH July 4th 2011 Running Head: Professional Regulation and Criminal Liability Abstract The delivery of care within the health care system is a challenge because of the changes that are influencing health professional, patients and health care organization. Nursing practice is governed by many legal concepts. It is important for nurses to know the basic of legal concepts, because nurses will be held accountable for making decision that can be harmful to patient’s health. Nurses most have a clear understanding of the law and how it affects nursing practice. Many of legal issues today require Nurses to use critical thinking abilities to practice safe nursing care, Safe Nursing care means to understand the legal boundaries within with nurses must function. The paper will help described nursing, legal issues nursing are facing today. Professional Nursing should know the legal limit which affects nursing practice. An understanding of the law bond with sound judgment should ensure...
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...Days Cash on Hand (DCOH)-Unaudited 2009 149,559/9,198= 16.26/365= 0.04 2008 376,886/4,185= 90.06/365= 0.25 I agree with the annual report because both the audited and the unaudited amounts remained the same with no negative amounts. Days Receivables-Audited 2009 59,787/459,900= 0.13/365= 0.0004 2008 37, 666+87/418,509=0.09/365= 0.0002 Days Receivables-Unaudited 2009 59,787/459,900= 0.13/365= 0.0004 2008 37, 666+87/418,509=0.09/365= 0.0002 I agree with the annual report because both the audited and the unaudited amounts remained the same with no negative amounts. Some of the amounts on the audited financial statement and the unaudited financial statement were different and did not match but several thousand dollars. The Patton-Fuller Community hospital needs to hire a financial representative who has experience with accounting in order to keep their statements and accounts compliant with positive numbers. Using the previous year as a format for how to prepare for the upcoming years is an important task that the financial department should adhere to. By increase the revenue the hospital will need to prepare by ordering more supplies, increasing wages, and preparing...
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...Patton Fuller Hospital NTC/362 January 20, 2014 Patton Fuller Hospital Patton Fuller is a community hospital that has been proudly serving the community since 1975. Patience care is number one, and they thrive to ensure each of their patients experience is as pleasant as possible. Hospitals are under enormous pressure to treat patients in the most effective and efficient way. By leveraging the best IT systems, health organizations provide the type of patient care with the speed and efficiency required by the market. By analyzing Patton Fuller’s IT infrastructure, a determination can be made about the network and the devices supported on it as well. The outcome of the analysis will be used to recommend new technologies in data collection, internal communication, and security. If done correctly, this will link productivity with care thereby improving performance and reducing the cost of operations in the hospital. Network Overview A review of Patton Fuller’s network reveals that the network is set up in a bus topology, which is the oldest topology. All stations are attached via cable taps or connections to a single length of cable—a wire with two open ends that are terminated by a resistor. The single cable is referred to as a trunk, backbone, or segment (Goleniewski, 2007). There are many different departments in the hospital: Administration, Radiology, RIS data center, and OR/ICU. The backbone network structure for the entire hospital is 1000 BaseT with all...
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...Review the financial statements, located in the Patton Fuller Community Hospital Virtual Organization. 1. Click on the Virtual Organization link on the left column of the student website. 2. Click on the Healthcare tab and acc1ess the Patton-Fuller Community Hospital. 3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements. Compute the eight ratios—as shown in Chapter 11—for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position. | | |2008 |2009 | |Liquidity | |Unaudited |Unaudited |Audited | | |Current Ratio |Current Assets | | $128,867 + $23,807| | | | $130,028 + Current |Current Assets |= 5.3709833 or | | | |Liabilities $8,380 = |$128,867 + Current |5.371 (15 to 1) | | | |15.516229 or 15.516 (15|Liabilities $23,807| | | | |to 1) |= 5.4129877 or...
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...Patton-Fuller Analysis of Network Systems Christopher M. Haider CMGT/554 October 30, 2011 Professor Matt Mancani Abstract Patton-Fuller Community Hospital tasked its IT department with performing an analysis of its network architecture to provide a structure of physical devices and areas that require improvement to enhance and maintain a competitive edge in the health care market. The analysis revealed weaknesses in the way the Radiology department connects to a 1000 BaseF Ethernet fiber optic backbone (LAN) and the potential for enhanced use of its wireless network (WLAN). IT recommends the installation of a 24 port FO Hub for the Radiology department’s modalities and various device locations throughout the facility. The implementation will keep with the established policy used in the OR, ICU’s, and Wards. IT recommends installation of additional wireless access points to provide service to administrative and clinical practitioners who can use portable access devices like laptops, IPads, smart phones, and other devices for diagnosis and treatment of patients. Additional wireless access points will also provide Internet only access for patients and family members. Patton-Fuller Analysis of Network Systems Patton-Fuller tasked the IT department with conducting an analysis of the network systems at the hospital. According to Patton-Fuller current network architecture is built on a Bus topology with an Ethernet backbone (Apollo Group, Inc [APG], 2011, p. 1). The...
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...Patton-Fuller Community Hospital’s Backbone Network Structure The hospitals current backbone network structure for the Executive Management, Human Resources, Operations, Facilities, Finance and the IT & Data departments all use 1000 Base T with a CAT 6 cable. There is a Network Bridge that connects the Cisco Router and the Mac Pro Server using 1000 Base F with a single mode fiber to the Health Insurance Portability and Accountability Act (HIPAA) partition of the hospital. These sections are the Radiology, Operating Rooms, Wards, ICU’s, Emergency Room, Labs and the Pharmacy. These locations under strict guidelines for HIPAA which is strictly enforced in all departments. To assist in ensuring the HIPPA is enforce at all times, each data file for all patients is encrypted and storage in Advanced Encryption Standard (AES). All access to patient data files requires Identification and authentication is mandatory for all users trying to access patient files. Within the radiology department the standard to be able to access patient files are Digital Imaging and Communication in Medicine (DICOM) Picture Archiving and Communication System (PACS). The hospital has a complete power backup system that will switch over to a diesel generator set in the event of a hospital wide power outage. Each individual departments have a local Uninterruptible Power Supply (UPS) which are shown on the individual department network diagrams (University of Phoenix, 2013). Explain the network’s fundamental...
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...Patton-Fuller Hospital Business Systems Analysis Steven McDowell CMGT 554 September 16, 2012 Matt Mancani - Instructor Business systems enable companies to meet customer demands for speedy and efficient delivery of services. With the introduction of the internet into most traditional business systems the technology has forced a reevaluation of how companies do business and the new opportunities to improve performance and ultimately sales. Functional business systems support business processes across the company. Specifically designed systems aid marketing, sales, accounting, finance human resources, warehousing and other functions in making their roles more efficient. The trick is to unite these systems internally as well as complementing partners who may be using different systems. Incorporating cross-functional enterprise systems help to bring these together. Systems like Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) and Supply Chain Management (SCM). Enterprise Collaboration Systems (ECS) enhances communication and collaboration among teams and work groups within and outside of organizations. Patton-Fuller Community Hospital has a business system that weighs heavily on Human capital to be fully maintained (Apollo Group, 2012). The flaw in this system is that the communication between departments is not reliable or not there at all. Hospitals rely on open and fast communication with every...
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...Patton-Fuller Community Hospital Networking Project Tracey Jenkins IT Infrastructure La Shandra Perry November 24, 2011 Patton-Fuller Community Hospital (PFCH) was established in 1975 and is a for-profit hospital dedicated to serving the needs of its community by providing quality medical care. PFCH operates a 600-bed full-service hospital, providing a variety of programs (Apollo Group, 2006, 2010, 2011). PFCH uses several network systems, including wireless technology. Multiple technologies are necessary to be used and combined to create a healthcare network infrastructure. Ideally, each of these technologies should integrate into a cohesive network platform capable of delivering network services that are protected, resilient, responsive, and interactive. It is the interconnection and combination of these technologies that provide value and enable clinical and business capabilities in the healthcare environment. PFCH is interested in examining how their network is performing as compared to similar companies. In-House Data Transmission PFCHs backbone network structure consists of a 1000Base-T and 1000Base-F standards. The 1000Base-T standard supports data transfer rates up to 1000 Mbps, or one gigabyte per second, and is used in the non-clinical areas of the hospital. PFCH is employing a CAT 6 cable infrastructure for these administrative areas. The clinical areas use the 1000Base-F standard, which is also a 1000...
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...Patton-Fuller Ratio Computation July 8, 2013 HCS/405 Regina Robinson The Eight Basic Ratios 1. Current Ratio (Unaudited) 2009 Current Assets $128,867 ÷ Current Liabilities $23,807= 5.4129877 or 5.413 (5 to 1) 2008 Current Assets $130,026 ÷ Current Liabilities $8,380 = 15.516229 or 15.516 (15 to 1) Current Ratio (Audited) 2009 $128,867 ÷ $23,807= 5.3709833 or 5.371(5 to 1) 2008 $130,026 ÷ $8,380= 15.516229 or 15.516 (15 to 1) Disagree: This ratio is consistently a measure of short-term debt paying ability (Baker & Baker, 2011). However, it must be carefully interpreted (Baker & Baker, 2011). Observationally, the CEO’s report to the board that all financial ratios have improved is inaccurate; in all actuality, the ratios have not. In effect, the numbers simply do not back up the declaration. The unaudited and audited current ratios show that in 2008 the hospital’s assets were greater than those in 2009 were. This ratio also shows the current assets in 2008 were much higher than the current liabilities for the same year, a ratio of 15 to 1. In 2009 the current assets to current liabilities ratio was only 5 to 1. The hospital’s assets were lower in 2009 and yet the liabilities in 2009 were higher. The hospital’s assets were higher in 2008 and the liabilities in 2008 were lower. This shows the hospital was more profitable in 2008, not 2009. 2. Quick Ratio...
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...Patton-Fuller Ratio Computation Patton-Fuller Ratio Computation July 8, 2013 HCS/405 Regina Robinson The Eight Basic Ratios 1. Current Ratio (Unaudited) 2009 Current Assets $128,867 ÷ Current Liabilities $23,807= 5.4129877 or 5.413 (5 to 1) 2008 Current Assets $130,026 ÷ Current Liabilities $8,380 = 15.516229 or 15.516 (15 to 1) Current Ratio (Audited) 2009 $128,867 ÷ $23,807= 5.3709833 or 5.371(5 to 1) 2008 $130,026 ÷ $8,380= 15.516229 or 15.516 (15 to 1) Disagree: This ratio is consistently a measure of short-term debt paying ability (Baker & Baker, 2011). However, it must be carefully interpreted (Baker & Baker, 2011). Observationally, the CEO’s report to the board that all financial ratios have improved is inaccurate; in all actuality, the ratios have not. In effect, the numbers simply do not back up the declaration. The unaudited and audited current ratios show that in 2008 the hospital’s assets were greater than those in 2009 were. This ratio also shows the current assets in 2008 were much higher than the current liabilities for the same year, a ratio of 15 to 1. In 2009 the current assets to current liabilities ratio was only 5 to 1. The hospital’s assets were lower in 2009 and yet the liabilities in 2009 were higher. The hospital’s assets were higher in 2008 and the liabilities in 2008 were lower. This shows the hospital was more profitable...
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...Patton-Fuller Community Hospital Networking David Loggins CMGT/554 October 13, 2013 La Shanda Perry Patton-Fuller Network Since 1975, Patton-Fuller Community Hospital has been in business as a non-profit full service health care institution which provides high level emergency medical care, physical therapy, radiology, surgery, labor and delivery, surgery and many other services that deal with the health and well being of its local community. In order for the organization to function correctly, it must have a good IT infrastructure to support their organization in order to achieve their goals and potential growth. Lets do an analysis of Patton-Fuller Community Hospital network system t o see if changes can be made to enhances the wireless and check to see if their any changes that can be made to make the network more efficient? Analysis of Network System The OSI model also known s the Open Systems Interconnection model is made up of 7 different layers which are very important in order for a network to function correctly. Each layer plays a different role in order for information to become accessible throughout the hospital. The network design used at Patton-Fuller Community Hospital is similar to a tree topological connection and Ethernet is in the centre having a centralized connectivity. The Administrative functions on the workstation using the server DHCP to obtain IP addresses. Black and white or color laser printer network is only a static DHCP IP is set...
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