Financial Data Analysis

Patton-Fuller Community Hospital is a for-profit hospital that is owned by the physicians who currently works at the facility. Patton-Fuller was established in 1975 and has since provided innovative care to the surrounding communities of Kelsey. The key to this hospital's success is quality patient care and as shareholders their mission was to provide the best care to their patients (University of Phoenix, 2014). Patton-Fuller Community Hospital has been doing so well they were able to expand to an 600-bed, full-service facility. The hospital is directed by 14 board members, which consist of 12 physicians, the Chief Executive Officer and the Chief Financial Officer (University of Phoenix, 2014). The physicians are the only board members allowed to make any votes. Physicians would only serve 3-year terms, and four new members would come aboard every year in December during the annual shareholder meeting (University of Phoenix, 2014). Additional to the annual shareholder meeting, profits are dispersed to the physicians.

Patton-Fuller Community Hospital made 80% of their revenue through inpatient services, which includes surgery, medical-surgical nursing, and intensive care unit. As 20% of their revenue made through outpatient services, the emergency department and other outpatient services (University of Phoenix, 2014). In the review of the financial statements, many events have occurred between the years of 2008-2009. Davis Geach, Chief Executive Officer, expressed the company had a very successful year. From the previous year, Patton-Fuller made a gain of $16 million, 9% increase in patient revenues, and only 3% increase in expenses. Geach also stated, "While the nation-wide economic downturn has affected the hospital, there were opportunities in that downturn" (University of Phoenix, 2014). Opportunities consisted of equipment and