Healthcare Nonprofits Essay

The governing body of a nonprofit organization is crucial to its success as it provides the necessary leadership, planning, accountability and oversight to propel the organization forward. The success of a nonprofit board often hinges on effective planning, policy, meetings and committee work. Board members of Northeast Texas CASA are described as invested in the program and the children they serve.

Since a non-profit organization provides community services without monetary profit, the external environmental conditions that exist outside of the non-profit significantly influence its growth and survival. Specifically, economical elements such as disposal income levels, unemployment trends, taxation rules, inflation, and cost of living may impact the likelihood of obtaining new donors or continuing donations from existing donors. In an economic climate of decreasing disposable income may result in decreased donations. Furthermore, increasing unemployment rates may increase the need for public assistance wherein the non-profit organization may find it difficult to obtain increased funding to provide their philanthropic services.

Throughout my career in the social sector I worked with a variety of for-profit companies; over the last few years I’ve noticed interesting trends. Corporations are changing how they structure and evaluate philanthropic partnerships and fewer and fewer organizations are opting to donate through traditional methods. Social entrepreneurs are even integrating philanthropy into their business models. Just consider, big names such as Toms and Seventh Generation and newer start ups like Bombas (a sock company that donates socks one-for-one for every pair they sell). One-time event sponsorship and foundation giving seems to be losing ground to newer, innovative community investment strategies. These shifts have encouraged non-profits, including

When Zoot Velasco looks at American nonprofits, he sees a sector that is struggling, in spite of limitless potential for innovation and impact. Noting that 22.3% of the country’s GDP is in the nonprofit sector, yet only 20% of such organizations have a budget exceeding $1 million, Velasco hopes to lead a transformation in the industry.

Nonprofit organizations are mission driven, with that said money is also an important aspect with regards to the furthering of the mission. According to Bell and Schaffer (2005), when organizations rely heavily on the mission and forget the financial aspect it can create a financial crisis, with the possibility of underinvestment which puts the organization at risk for the future, as well as not being able to account for financial performance with respect to program activities. The most effective way to ensure the wellbeing of the organization is to find a balance between mission and money. The person responsible for the overall performance of the organization which includes finances is the executive director, also known as the financial leader.

When people talk about support for nonprofits, they typically refer to financial supports. “Money is a constant topic of conversation among nonprofit leaders: How much do we need?

The nonprofit health organization for this week is called Elwyn. Elwyn is a human service organization, serving disabled and disadvantaged individuals.

When one talks about ‘Nonprofits’ many things come to mind; People often use phrases such as 501c3’s, charitable, ambassadors of the poor, and tax free organizations to umbrella the whole nonprofit sector. However, what large portions of our country fail to note is that there are differences within the nonprofit branch. There are two man categories of Nonprofits: Public, and Private; within those categories there are differing distinctions that allow for the separate identities of these organizations to in function and scope.

For this reason, nonprofits were chosen as the mode of production and management of new affordable units because they had a wholesome image with the American public (Bratt, 1998). This image, coupled with a track record for having the health, welfare, and safety of the public in mind made nonprofits very attractive to legislators and popular with the public.

Nonprofit organizations have similar financial transactions and needs as for-profit businesses (Viader, & Espina, 2014). Their financial statements describe and summarize operating activities, obligations, and economic resources for a given period, usually one year (Viader, & Espina, 2014). A nonprofit is defined as a legal entity that does not conduct substantial commercial activity or earn a profit as its primary purpose (Viader, & Espina, 2014). The goal of the nonprofit is typically to provide services (Epstein, & McFarlan, 2011). In nonprofit organizations, management decisions are intended to result in furnishing the best possible service given resource constraints (DioGuardi, 2014). Basically, the success of a nonprofit entity is measured

With an economy driven by our relationship with capitalism and bottom lines, it seems inevitable that nonprofits also tap into these business dealings if they are to survive. The third chapter of Leslie R. Crutchfield’s and Heather McLeod Grant’s book, Forces for Good: The Six Practices of High-Impact Nonprofits, titled “Make Markets Work,” delves into the strategies used by nonprofits who harnessed business tactics in an effort to increase their social impact. Using three overall strategies- change business practices; partner with business, and run a business- Crutchfield and McLeod Grant describe how non-profits have achieved successful leverage in the business world.

Over the years, the government has given more responsibility through subcontracts for nonprofits to carry out a range of services for communities. Consequently, nonprofits face major challenges in a constantly changing environment. This type of environment has created a battle amongst other nonprofits as they struggle to obtain similar resources. In this memorandum, the topic of strategy formulation in the not-for-profit area and its application to nonprofits are touched on.

In this paper, we will compare and contrast the difference between a for-profit and a not-for-profit healthcare system from a financial perspective. Also, this paper will provide examples of both, and the implications of each on the health professionals, the patients, and the insurance companies. The United States is confronting some overwhelming financial difficulties, not the slightest of which is our broken social insurance framework. The U.S. spends about twice as much cash per capita on social insurance as other created countries, yet the measurements demonstrate that Americans wind up with an inadequate care and poorer health outcomes (Hill, 2011).

In the U.S. there are thousands of hospitals located in almost every demographic, and mainly they provide some of the same treatments. However, a major difference between some of these hospitals is that some are For-profit meaning they are more focused on receiving the money they expect while others are Non-profit meaning they are more inclined to help the community and provide care for those who cannot pay for it. Though it may seem that the non-profit hospital is the more wholesome and simply charity based option that doesn’t receive the most money, those hospitals make the most profit but in a behind the scenes way. Have non-profit hospitals located within the U.S. become devious in regards to the way the gain their money?

The value that nonprofit organizations bring to the community is professionally appealing to me. I am currently working at a nonprofit, rural hospital and clinic system as a registered nurse and health coach. The organization is able to obtain payments from various insurance companies however, they do not obtain funding from tax sources (GRMC, n.d.). Instead of raising the rates for the services offered, the organization holds fundraisers to help fund the various projects in the community (GRMC - Donate, n.d.). The hospital also has money that is available through donations to help individuals who are experiencing financial hardship due to illness. Other ways that the hospital