Introducing The Entrepreneur And The For Profit Organization

"In the past two decades or so, health care has been commercialized as never before, and professionalism in medicine seems to be giving way to entrepreneurialism," commented Arnold S. Relman, professor of medicine and social medicine at Harvard Medical School (Wekesser 66). This statement may have a great deal of bearing on reality. The tangled knot of insurers, physicians, drug companies, and hospitals that we call our health system are not as unselfish and focused on the patients' needs as people would like to think. Pharmaceutical companies are particularly ruthless, many of them spending millions of dollars per year to convince doctors to prescribe their drugs and to convince consumers that their specific brand of drug is needed in

We inspected seven groups where Ascension Health teamed up with other wellbeing net suppliers and associations to accomplish better medicinal services comes about for patients. Taking after a five-stage show, every group set up framework to track the utilization of administrations, grow their limits, coordinate care, and energize the financially savvy utilization of suppliers. These endeavors have accomplished prominent additions, for example, in Austin, Texas, where an expected $5.50 is returned for each dollar spent on asthma care. Challenges remain, including supplier rivalry, insufficient support by clinicians, troubles showing effect, and absence of maintainable financing. Lessons gathered from these group coordinated efforts can be profitable as the country executes wellbeing change, and security net human services frameworks home in on outstanding access

Slowly he became market leader for that product. Entrepreneurship has been defined by several researchers as the progression of making a product or service valuable by gathering a distinctive set of resources and opportunities. This procedure comprises the set of accomplishments to recognise opportunities, business classification, evaluation and obtaining the essential resources, management and getting positive results. Furthermore, entrepreneurship has been seen as an organizational coordination that underlines the three extents: innovation, taking calculated risks and proactive orientation. There are many indications to provision the idea that the businesses which were engaged in entrepreneurial practices have been most effective and successful (Hills, Hultman & Miles, 2008).

Southwest can’t justify those negotiations due to failure of financial or clinical integration among physicians. Usually physicians or physician groups can grouped together in to financially or clinically integrated ventures by which they can make agreements with payers. This key venturing concept help to share profits or financial losses in providing

A semi-detailed business overview of the non-profit organization known as the YMCA or Young Men’s Christian Association is discussed. A brief history of the origins of the company is detailed along with the definition or explanation of the company’s mission statement. The organization’s basic legal, social, and economic environment is described. Likewise the YMCA’s management structure, operational issues, as well as financial issues are discussed. Lastly, the possible impact that potential change factors, which includes the role of technology, can present to the YMCA business organization are discussed.

Managed care has been around since the twentieth century, which managed care has continued to develop. Therefore, the definitions of managed care may vary from different scholars and/or textbooks. As a result, one meaning of managed care is to provide health care services at a reduced rate to members of an insured group through an agreement among specific suppliers and an insurer (Ereflect, 2009). Furthermore, some relevant scenarios for the meaning of managed care are the ability to increase access to a variety of healthcare services, managing medical practice, curbing medical spending, and restricting physician entrepreneurialism (Rodwin, 2010). In addition, managed care has been used by the states and private entities to promote diverse goals (Rodwin, 2010). Therefore, the initial growth of managed care was partly

The medical foundation model is an arrangement in which independent physicians vend their practices to a medical establishment. The physician will then be under a contractual agreement to provide medical treatment services at the foundation’s sites. Under this model, hospitals and health systems are able to create legal nonprofit organizations to directly employ physicians. It also gives physicians more independence and strengthens physician and hospital affairs. Hospital-owned group practices are medical practices that have been contracted under a hospital network. This model can be advantageous because it can improve integration, increase access to care and nurture better relationships with the patient’s physician. Joint ventures are when two businesses create a legal entity to share its profits (Harrison,

Surprisingly, U.S. managed care has been in existence for almost a century. In 1910, the Western Clinic of Tacoma, Washington offered medical services through its network of doctors and nurses for the premium payment of $0.50 per member per month. Nearly one hundred years later, managed care organizations (MCOs) have changed dramatically with increased complexity and significance to the U.S. healthcare market. Aggregate revenues for MCOs in the S&P 500 index grew 30% in 2006 to $212.4 billion while earnings per share estimates are expected to increase by 15% for 2007. The purpose of this paper is to analyze the United States’ managed care industry in understanding the sources of profitability.

Dranove, D., & Sfekas, A. (2009). The Revolution in Health Care Antitrust: New Methods and Provocative Implications. Milbank Quarterly, 87(3), 607-632. doi:10.1111/j.1468-0009.2009.00573.x

In early 1990’s, physician-hospital organizations (PHO), legal in the United States, developed to provide attractive one-stop shopping for consumers, employers and managed care payors, by bonding the medical staff to the hospitals within an organization (Daniels 2011). As with the majority of healthcare decisions, legal issues surfaced among the formation of PHOs, forcing the Federal Trade Commission (FTC) to closely examine multiple alliances and networks.

Another group often blocked is complementary or alternative health care practitioners. These restrictions and the insurance industry unwillingness to pay for these services, gives the physicians an almost monopolist control over health care. Providers must be able to enter the market for competition to work and there must be many providers vying for the patient. To get the most out of health insurance plans Consolidation of hospitals and multispecialty group practices increases the negotiating leverage of the group but in certain areas of the US a single large medical system has become the sole provider of major health service thereby restricting competition (Shi & Singh, 2008). This consolidation while giving the hospitals and group practice leverage when negotiating prices of supplies and services tends to increase the price of health care to the patient because there is no longer any competition (Shi & Singh, 2008). For these reason “competition will remain less effective in most health care markets, because the prerequisite for fully competitive markets are not fully met” (Federal Trade, 2004, p. 20).

Healthcare is fundamentally different from other businesses because it is concerned with the management and benefitting of life against the threat of death. There are many types of business that can be said to be concerned with the consumer’s overall quality of life, which may be tied to the healthcare industry; but avoiding the threat of death (and therefore, the emergence of fatal health problems enroute to death) is healthcare’s primary concern. It has a social, political, and ethical obligation to the average citizen which no other business can have.

Social entrepreneurship is gaining such strong interest in nonprofit world because of the economic challenges that have plagued this sector with cuts in philanthropic and government funding. According to Nash (2010) not only are there cuts, there are many organizations vying for the limited funding. Studies support, the attitudes in capitalistic America, and the ease of nonprofits to embrace this concept; evidenced by their ability to sell their once free services, to meet the demands of the consumer. According to the IRS (2010) nonprofits have increased their selling power on unrelated business income, to the tune of 184% increase, in a sixteen-year time frame. This writer, believes these numbers are evidence which support this trend is

Disadvantages for non-profit hospitals is they are not owned by anyone; meaning that some non-profit hospitals may not be able to afford all of the latest technology or sometimes offering the cost-effective services when operating in lower-income areas. Non-Profit hospitals have “higher operating costs because of a high amount of uncompensated care and the charitable component of their operations” (Kovner & Knickman, 2008).

There used to be a time when zoos used to be full of animals. A time when extinction was not a problem. That was the past. Today, zoos all around the world are missing many animals such as the African elephant or the dodo bird. All of these wonderful animals became extinct because we were careless enough to let them all die. World Wildlife Fund (WWF) is an organization that is trying to prevent extinction from happening. WWF is an environmental organization dedicated to “protecting the world’s wildlife and wetlands” ("World Wildlife Fund"). It is one of the largest private supported conservation organizations in the world, with support from one million members in just the United States. WWF was formed on September 11, 1961 in Morges,