A not-for-profit hospital must also provide an assessment of how they are continually upgrading their training and services departments, and show through financial analysis and reporting how the funds set aside for these areas is actually used as well (Greaney, 2006). Not only is the auditing and compliance requirements significantly different between for-profit and not-for-profit hospitals, the visibility and reporting into key technology investments to benefit a hospitals' performance is also reported as well. Of all areas of difference however the most significant is in the area of how each charges for services from a market and competitive valuation standpoint (Zaleski, Esposto, 2007). This area of pricing is what separates for-profits in terms of their ability to quickly raise prices if needed, in addition to changing pricing strategies quickly. This often results in for-profit hospitals having a very expensive financial operations and financial reporting function, with specialists on the hospital accounting and finance department payrolls who specialize in taxes, compliance to section 501(c)(3) and in the case of larger for-profit financial intuitions, tax attorneys (Zaleski, Esposto, 2007). For the non-profits the same level of compliance and reporting is necessary from an income and salary reporting level to maintain section 501(c)(3) and Form 990 status with the IRS (Carlson, 2010). Non-profits must also be in compliance to section 4958 in the event they pay excess salaries...
Not-for-profit hospitals are often the ones that need training and support the most yet only can provide it based on having training and development budgets approved by their foundations. The challenge to stay continually current on the latest technologies is a significant one, with this area also being the most critical for retaining talented staff members as well (Greaney, 2006). All of these factors make not-for-profit hospitals very challenging to operate from a financial and compliance standpoint today.
Health Care Management The financial pressure points faced by firms in the health care business can be determined by looking at the flow of funds diagram. In this diagram, the health care organization sits in the middle, and as a result acts almost as a conduit or intermediary between different entities. Funds come into the health care organization from third party payers, and go out to suppliers and employees. There are
This can lead to both autonomy and cooperation within the group, as no member will feel that his or her skills are not utilized to an optimal level. It is also possible that non-constructive conflict can arise from the diversity within a group if not managed effectively. Jokes that are not meant to be so may for example be taken as offensive by certain members of the group. Other members
This is also an individually focused discipline, which relates to the development of critical thinking skills. The third and fourth disciplines are interpersonal, collective paradigms. The Shared Vision discipline refers to a commitment within a group or organizational setting, in which a mutual purpose is developed. Team Learning focuses on group interaction, with high importance placed upon communication techniques through which collective thinking and learning are transformed. The final
Right to Healthcare Management The Act entitled the patient protection and Affordable Care Act for it to become law it had to be enacted by Senate and house if representatives of the United States. In March 2010, president Obama went ahead and signed the comprehensive health reform, the patient protection and Affordable Care Act into law. This law provides the opportunity for Americans to access preventive care more easily. This includes
Health Care in the U.S. And Spain What Can the U.S. Learn About Health Care from Spain? In 2009, Spain's single-payer health care system was ranked the seventh best in the world by the World Health Organization (Socolovsky, 2009). By comparison, the U.S. health care system ranted at 37 (Satiroglou, 2009). The Spanish system offers coverage as a right of citizenship that is constitutionally guaranteed. Spanish residents pay no expenses out-of-pocket, with
Transparency empowers consumers to become better shoppers. Economists assert that transparency stimulates productivity, for example, in exchange for money, one individual obtaining fair value. In every aspect, except healthcare, Davis points out, transparency, is supported. The contemporary dearth of transparency in healthcare has led to many Americans not being able to effectively shop for the best quality of service at acute care hospitals. Davis argues that transparency permits consumers,
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now