HCS405 Week-3 Financial Statements Review

Resource: Patton-Fuller Community Hospital Virtual Organization

Review the financial statements, located in the Patton-Fuller Community Hospital Virtual Organization.

  1. Click on the Virtual Organization link in the Materials section to the right.
  2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
  3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.

Write a 350- to 700-word summary that addresses the following:

  • Annual report, including the Patton-Fuller financial statements
    • How did the audited and unaudited financial statements differ?
  • Relationship between revenue sources and expenses on Patton-Fuller's financial performance
    • What is the effect of revenue sources on financial reporting at the hospital?
How are the hospital's revenues and expenses grouped for planning and control