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In theory, describe the different operating characteristics of the for-profit and not-for-profit hospital. This is for...

In theory, describe the different operating characteristics of the for-profit and not-for-profit hospital.

This is for my healthcare economics class. Facts only please.

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erating characteristics of the for-profit and not-for-profit hospital:- 1. TAX STATUS The most evident distinction among philanthropic and revenue driven doctors facilities is assess status, and it has a noteworthy effect monetarily on healing centers and the networks they serve Hospital installment of neighborhood and state charges is a critical advantage for metropolitan and state governments, says Gary D. Willis, CPA, previous revenue driven wellbeing framework CFO who right now fills in as CFO at Amedisys Inc., a home wellbeing, hospice, and individual consideration organization in Baton Rouge, LA. The expenses that revenue driven healing centers pay bolster nearby schools, improvement of streets, enlistment of business and industry, and other required administrations, he says 2. OPERATIONAL DISCIPLINE With positive budgetary execution among the essential objectives of investors and the best official authority, operational control is one of the distinctive qualities of revenue driven doctors facilities, says Neville Zar, senior VP of income activities at Boston-based Steward Health Care System, a for-benefit that incorporates 3,500 doctors and 18 doctors facility grounds in four states.At Steward, we accept weve worked admirably setting up operational order. It implies responsibility. It implies consistency. It implies duty. It resembles cleanliness. You wake up brush your teeth, and this is a piece of what you do each day. An abnormal state of responsibility fills operational control at Steward and other for-benefits, ar saysplease liked me..............

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