Question

Compare and contrast the difference between a for-profit and a not-for-profit healthcare system from a financial perspective. In your answer, be sure to provide examples of both, and the implications of each on the health professionals, the patients, and the insurance companies.

Answer 1

Non -profit and for-profit Hospital plays diffrdiffroles but see similar financial struggling.

Non-profit healthcare system -:must serves the health care need of community.in return,non - profit hospital don't pay taxes.

Non-profit need to prove a community benefit through their tax forms to maintain their status and exemption from federal,state and community taxes

COMMUNITY NON PROFIT HOSPITALS FACE DIFFICULTIES

flipping through the last earnings reports from for- profit hospitals,one might think that for- profit hospitals are falling behind non profits regarding profits.

Compromise the care because of lac of enough staff.

Lac of better service,coordination.etc

FOR - PROFIT HOSPITALS

systems benefits from investors money and have more flexibility about which service they offer,often seeking more profitable ones.

A for- profit ability to raise capital through investors gives them more latitude to have more access to capital.

Quality service get compare with non- profit hospital because of enough staff recruitment.

They have back support of investors or shair holders.so.hospital can function smoothly.

A for- profit has to look at profitable services as much as possible.