Health Care Environments

1007 Words5 Pages
Comparing Health Care Financial Environments

Melinda Calhoun

HCS/577

May 14, 2013
Nicholas Coburn

Comparing Health Care Financial Environments

Health care organizations will have similarities and differences concerning finances, depending on the environment of the facility. The three types of health care environments are for-profit, nonprofit, and governmental organizations. Health South Rehabilitation Center is a for-profit facility specializing in rehabilitation. Cabell Huntington Hospital is a nonprofit organization providing different types of services through inpatient and outpatient care. The Center for Medicaid and Medicare Services is a government program providing health insurance to eligible individuals or
…show more content…
A community health needs assessment must be done every three years, a financial assistance and written policy must be made, and charges are limited in a nonprofit organization. Center for Medicaid and Medicare Services. The Center for Medicare and Medicaid Services is a large governmental organization providing health insurance to eligible individuals and families “through Medicare, Medicaid, and Children’s Health Insurance Programs” (“Center for Medicare and Medicaid Services,” n.d.). Gapenski (2006) claims government organization’s gain income by delivering patient care and grants. According to the Medicare Website (2013), the Department of Health and Human Resources in each state monitors the program. The Hospital Insurance Trust Fund and Supplementary Medical Insurance Trust Fund pay for Medicare (Center for Medicare and Medicaid Services, 2013). The state government makes the financial decisions with the Center for Medicaid and Medicare Services (“Center for Medicare and Medicaid Services, 2013). A board of trustees will help make decisions for governmental organizations. According to Gapenski (2006), government organizations are exempt from paying state, federal, and property taxes (pg. 10). Financial management is important to any health care facility and can be more difficult in a health care facility versus another industry. According to Gapenski (2006), the functions of financial management include the
Open Document