Compare And Contrast And Non-Profit Hospitals

The report provides a good data compilation, but provides little insight into the meaning of the data. Although the report provides little analysis, tax-exempt hospitals have provided significant amounts of financial assistance and other community benefits. [What remains to be seen, however, is whether insurance expansions under the ACA thereby decreasing pool of uninsured patients will cause these numbers to decrease in the future. Tax-exempt hospitals could further struggle to justify tax-exempt status.]

According to Daft the main difference is that for-profit organizations’ bottom line is to earn money, while non-profit will focus on social impact (p.13). Therefore, the key stakeholders’ expectations would be within the increase profit and market position of their organization. In contrast, regarding the non-profit organization the expectations are parallel to diversity of the stakeholders. For instance in the case of the Salvation Army, the volunteers, customers, donors, and government agencies, will have different expectations of the organization, while the leadership would balance those expectations to achieve the non-profit goals.

All the money raised by the not-for-profit healthcare organization will stay in the organization. Funds raised by a not-for-profit healthcare organization can be used to pay salaries to employees and to pay for any administrative needs. Not-for-profit healthcare organizations can qualify for tax exemption status. Donations made to a not-for-profit healthcare organization are tax deductible for the donor; however, donations made to a for-profit healthcare organization are not tax deductible. A for-profit healthcare organization is required to pay taxes as a cost of doing business. The assets of a not-for-profit healthcare organization belong to the organization; however, the assets of a for-profit organization belong to the investors of the company. When a not-for-profit organization fails, the assets of the organization will be distributed to another not-for-profit organization. When a for-profit organization fails, the assets of the company are liquidated, and the resultant revenue is distributed to the investors based on their percentage of

A healthcare organization such has a private hospital are classified as non-profit or for-profit institutions. According to Alliance for advancing non-profit healthcare; “ About 60 percent of community

1. (TCO A). You are a healthcare consultant hired by the Midwest Healthcare System to assist them in developing their organization's strategic plan that will shape the development of a comprehensive network of services for their community.

MD Anderson had operating profits of $531 million in FY 2010. This represented a profit margin of 26% on revenues of $2.05 billion. Stamford hospital is midsized nonprofit hospital located in Stamford, CT. It has revenues of nearly half a billion dollars. In fact, its revenues exceeded all money paid to the city of Stamford in taxes and fees. The hospital is a bigger business than its host city. Although the true cost of healthcare is difficult to calculate, many other hospitals throughout the United States are generating record profits and revenues. These profits and revenues are under heavy criticism because non-profit hospitals often outperform their for-profit counterparts. Many believe that unfair medical billing practices and skyrocketing prices contribute to these record profits at the expense of economically strapped patients. Non-profit entities enjoy tax-free status on the profits they generate. These profits are used by hospitals to expand their practices and buy out competitor hospitals, laboratories and other medically related cash generating businesses. Anti-trust laws must be enforced effectively to prevent these non-profit hospital systems from becoming monopolies within a geographic area and preventing healthy competition.

In the United States, the healthcare system for the most part is controlled by private hands; however, federal, city government, county, and state also own certain facilities. Hospitals give the greater part of inpatient care with limited outpatient care. There are various different specialty clinics for surgery, heart, children, bone, cancer, obstetric and gynecologic around the country. Almost every

Government: Government would also disagree with the sale of the hospital. Government has its own public funds to fund the health service. If the hospital was sold to others, the funds would be not well-spend in the future. Right now, the hospital could use all funds to offer charitable healthcare to local people. If hospital was for profit, then its managers would

Now there are some things to consider when it comes to adoption. One of these being that transracial adoptees do not always want to be adopted by people from a different race. Meaning that skin tone and ethnicity plays a factor in the adoption process. Many people question if placing an adoptee in the home of a different race family fits the need of the child, and in the long run that’s the main goal of adoption, fitting the needs of the child. This situation has become very common, and are not always bad. However, “Trans-racial adoption can have very good outcomes, but one issue keeps cropping up – and that’s a sense of loneliness and isolation, a sense of not belonging. Adoption is a new identity and when you get the added challenges of people

Nonprofit health care organizations are primary responsible and accountable to the communities and populations they serve. They are legally and ethically bound to do good for the benefit of their communities. Their governing bodies are comprised of leaders from the communities they serve. The earnings and reserves of nonprofit health care organizations are reinvested to benefit the community.(1).

According to the American Hospital Association the cost of equipment, services, and information services has risen drastically. A huge problem for hospitals now is that there has been an enormous increase in patients who have Medicare or Medicaid. The Hospital Association states that “60% of all admissions. Neither program fully reimburses the cost of hospital care.” Not only is the hospital not getting paid the full amount through the health insurance, but they have also seen a jump in people who do not have insurance and cannot pay for their hospital expenses this averages out to about six percent of hospital expenses. Hospitals must assume these costs as a part of their charity pay. These costs are then calculated and increase the costs of health care for people who pay for it, in order to cover these costs.

Financing health services in the United States is very important and involves an excessive amount of health institutions and activities. Health services are supported by several methods to create revenue that most hospital, clinics, and treatment centers use for daily operational costs (World Health Organization, 2006). These methods are: general taxation of the state, county, or township/municipality, Medicare or Medicaid or other socialized health insurance plans, voluntary and private health insurance and lastly, donations to health charities accepted from non-profit organizations, donations

“Hospitals can be non-profit, for-profit, and government-owned and/or operated” (Baker & Baker, 2006). There are different terms for each classification in how to report and handle the finances but the basics are the same for any type of business. Business finances require the following basic fundamentals: creating “budgets, understanding capital expenditure, loan acquisition, and financial fees” (Baker & Baker, 2006). Government owned and operated hospitals offer unprofitable services; which

In the United States almost all levels of healthcare are delivered by the private sector providers. Many hospitals and health facilities are owned and run by profit making companies. Doctors and other health workers are either independent practitioners or happen to work for private-sector healthcare institutions. Access to healthcare is acquired through

Public health care facilities in South Africa are funded by the government (Hasumi, Jacobsen 2014). This funding is often inadequate and fails to meet the health needs of 84% of the population that seek care from public health facilities (Mayosi, Benatar 2014). Health workers in public clinics that offer ambulatory services suffer high workload and stressful working environments due to staff shortages, (Pillay 2009, George, Gow & Bachoo 2013, van Rensburg 2014). Staff shortages in public clinics often lead quality problems such as long queues, bad staff attitudes and lack of confidentiality due to overloaded facilities and drug shortages (Hasumi, Jacobsen 2014, Mayosi et al. 2012, Basu et al. 2012). Public hospitals also suffer from shortages of hospital beds, medical equipment and medical personnel (Dell, Kahn 2017). Comparisons are often made between public and private health where poor quality service are not common due to adequate resourcing.