Health Care and Profits
In general, both for-profit and non-profit hospitals in the U.S. aim to increase their profits. Horwitz (2005) studied the mechanisms for profit-making in health care and determined that for-profit hospitals more actively use profit as the basis for determining the mix of services that they offer. For-profit hospitals will also set up in areas with more profitable (i.e. wealthier) patients. For-profit hospitals are also "more likely to respond to changes in service profitability than the other two types." However, this does not mean that non-profit hospitals are not pursuing profit. They may, if anything, pursue profit less aggressively. Their service mix might not be specifically oriented towards profitable procedures, and their response to changes in profitability for different services might change as well. They still aim to be profitable, and some of them are quite profitable, but they are simply slightly less profit-oriented than their for-profit counterparts.
This is considerably different from the non-profit model found outside of the United States, for example in Canada. In many countries, a non-profit hospital is run by the government, and seeks to at best break even. Under a single-payer system, the profitability of the hospital is basically a moot point. But in the U.S., a non-profit hospital still has to recoup its costs, which are driven by the market system, and that alone means that they must seek to cover their variable costs on everything that they do, with a margin, so that they can then cover their fixed costs. Most non-profit hospitals in the U.S. reasonably price in a similar range to for-profit hospitals, but where they earn profits on some services they will usually take a loss on some other services...
Nonprofit and for Profit Healthcare Organizations Non-Profit and for-Profit Healthcare Organizations healthcare system is in shambles. As a source of intense debate, it is clear that it is failing to provide adequate health care for millions of individuals. Both for-profit and non-profit hospitals have their strengths and weaknesses, yet it is clear that mixing business with health care is a dangerous mix. First, the locations of the two different types help showcase some
Bed -Profit Health Care Organization A detailed organizational chart for your new facility Each and every department of the hospital is responsible for performing certain type of assigned tasks but still departments are grouped together according to the similarity of tasks. Grouping of the departments also aim to provide health care facility with more efficiency. For this hospital the following are the organizational policies: Services related to administration; which includes business people who
Healthcare in the United States: Where We Have Been, Where We Are Going The current healthcare crisis in America is not one that happened over night. It is one that has been building for more than a quarter century. There was a time in America when healthcare was a stellar institution: research, cures, technological advances, and treatments. The focus of healthcare was maintaining and improving the quality of life. Then, during
Health Staff the Allied health care staffing agency is a staffing agency that focuses on the niche of the nursing jobs within the healthcare industry in Chicago The Allied healthcare staffing agency works to recruit registered nurses belonging to all medical Specialties, Practical Nurses that are licensed also called LPNs, Nursing Assistants that are certified also called CNAs and Specialists from the allied health sciences. These professionals would be hired both from
The infant mortality rate is of 8.97 deaths per 1,000 live births. This rate places Kuwait on the 160th position on the chart of the CIA. The adult prevalence rate of HIV / AIDS is of 0.1 per cent. In terms of economy, Kuwait is a relatively open, small and wealthy economy. It relies extensively on oil exports -- petroleum exports for instance account for 95 per cent of the
Health Care Finance One of the things people should know is that the landscape for health care is not good at present, especially in the not-for-profit sector. We are definitely running a not-for-profit health care institution here at VGH. Consider the Moody's Outlook for 2012, which is currently negative. There are a number of challenges that institutions like ours face, and will be explained in this article. Hospital revenue growth for the
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