Learning Team Sensitivity Analysis Week 5 Final Project
Learning Team Sensitivity Analysis Week 5 Final Project
Health_Care_Finance_3e_Ch20 (1).pdf
Health_Care_Finance_3e_Ch19.pdf
Resources: Patton-Fuller Community Hospital Virtual
Organization and University of Phoenix Material:
Sensitivity Analysis Grading Criteria
Review the ffinancial statements, annual report, and
budget issues documents, located in the Patton-Fuller
Community Hospital Virtual Organization.
Create a 3 to 4 slide Microsoft® PowerPoint®
presentation that summarizes elements that affect
staffing at Patton-Fuller, such as raises in wages and
changes in the nurse-to-patient ratio. Include speaker
notes.
Include the following in your presentation:
• Provide a comparative analysis of the last two years
of data.
Financial Statements
Patton – Fuller Community HospitalBalance Sheet2009 – 2008(In Thousands)(Unaudited)
2009
2008
Assets
Current Assets
Cash and Cash Equivalents
$22,995
$41,851
Assets of Limited Use
27,594
41,851
Patient Accounts Receivable(net of Allowance for Bad Debts2009: $10,757 2008: $6,777)
59,787
37,666
Other Receivables(3rd party payer settlements)
—
87
Inventories
18,396
8,370
Prepaid Expenses
95
201
Total Current Assets
$128,867
$130,026
Other Assets
Funded Depreciation
$137,970
$167,404
Held under Bond Indenture
73,584
75,332
Property, Plant and Equipment, net
248,346
175,774
Total Assets
$588,767
$548,535
Liabilities and Equity
Current Liabilities
Current portion of long-term debt
$14,599
$4,185
Accounts payable, accrued expenses
9,198
4,185
Bond interest payable
10
10
Total Current Liabilities
$23,807
$8,380
Other Liabilities
Long-term debt
$452,945
$209,255
less: current portion of long-term debt
14,599
4,185
Net long-term debt
$438,346
$205,069
Total Liabilities
$462,153
$213,450
Equity
Common Stock, $ 0.01 par value10,000,000 shares authorized5,000,000 shares outstanding
$50
$50
Additional paid-in capital
0
0
Retained Earnings (or “Net Worth” or “Unrestricted Fund Balance”)
126,564
335,035
Total Liabilities and Equity
$588,767
$548,535
Note: Maximum Annual Debt Service
Bond interest payable
$10
$10
Current portion of long term debt
14,599
4,185
Maximum Annual Debt Service
$14,609
$4,195
Budgets
Patton – Fuller Community HospitalOperating Budget2008(In Thousands)
Revenues
Net Patient Revenue
$418,509
Other Revenue
2,805
Total Revenues
$421,314
Expenses
Salaries and benefits
$214,129
Supplies
71,346
Physician and professional fees
107,065
Utilities
1,164
Other
1,784
Depreciation & Amortization(non-cash expenses)
24,955
Interest
3,597
Provision for doubtful accounts
13,383
Total Expenses
$437,424
Operating Income
($16,110)
Non-operating Income (Loss)
Investment Income
264
Net Income
($15,846)
AcroRd32.exe
