New management structures at Tallaght Hospital have been called for by the Fine Gael spokesman on health, Mr Alan Shatter.
He said it was clear from the report "that it is vital that the hospital board take the necessary action to put new management structures in place".
"It is also essential that the Minister for Health recognise that the methodology adopted by his Department to determine the appropriate revenue funding for Tallaght Hospital is inappropriate."
He said work must be urgently undertaken to properly assess and agree the financial needs of the hospital to enable it to provide in 1999 the comprehensive patient care for which it was constructed. A medium-term development plan for the hospital must also be agreed between the Minister and the hospital board.
"It is now clear that the Minister [for Health] made a fundamental error by not publishing the report last week. Had he done so, there would have been no crisis. The Minister's attempt to put a `spin' on the issue has left a trail of destruction. It is vital for the success of this hospital that the trench warfare ends."
Ms Roisin Shortall, the Labour spokeswoman on health and children, said it was imperative that Mr Cowen make extra funding available to ensure the highest standard of patient care was maintained at Tallaght Hospital.
"The Minister for Health must stop engaging in megaphone diplomacy with the board of Tallaght. The poor relations between the Tallaght Hospital board and the Department of Health are already beginning to adversely affect morale among staff at the hospital.
"It's the Minister's responsibility to ensure that good working relations resume between the board and Department, otherwise those dependent on the services of the hospital will suffer."
She said the report made the key point that it was simply inappropriate to set a fixed budget for a newly-opened hospital, as unforeseen costs would arise. "The Minister's inflexible approach to funding has clearly exacerbated the problem. An adequate budget must be provided and improved management structure put in place."
She said the hospital was the single largest health-care institution in the history of the State, and allowances must be made based on its scale.
"The Government has over £1 billion of taxpayers' money at its disposal and could easily introduce a supplementary estimate to ensure that Tallaght Hospital remains a fully functional hospital which properly serves the people of Dublin, Wicklow and Kildare."
The Democratic Left spokeswoman on health, Ms Liz McManus, called for an immediate injection of funds to allow the hospital to continue to provide the level of services required by the community it had been set up to serve.
She said the most significant and alarming finding of the report was the consultants' warning that "in the absence of an injection of funds in the short term, the hospital will run out of funds".
"Regardless of who is to blame for current difficulties, this cannot be allowed to happen. Funds must be provided and appropriate steps taken by the board to radically improve management practices.
"It is clear from the report that blame for current difficulties must be shared by the board and the Department of Health. While there have been significant deficiencies in management controls, it was also simplistic of the Department to believe that the new hospital - the largest, most modern and technologically developed in the country - could successfully operate on the basis of the cumulative budgets of the three base hospitals it is replacing.
"Initial teething problems in an operation of this size and complexity were almost inevitable, particularly when, for instance, attendance levels at the accident and emergency department have been 30 per cent up on those of the three base hospitals."