Financial Environments And Non-Profit Organizations
Financial Environments
Financial Environments
The discussion of profit and not-for- profit organizations has been analyzed and discussed in essays and research papers for years. When you include government funded organizations into the mix this tends to bring about some very interesting discussions. There are similarities and differences among the three different environments. Some key identifiers that shed light into the similarities and differences include where the organizations get their money from, who makes financial decisions among such organizations, as well as who the key stakeholders are for each. Each entity has a purpose and make a true imprint in the healthcare environment.
Not-for-profit organizations are typically organizations or entities that do not pay taxes and work for their communities and/or the public. Many organizations are formed based on a religion or even a particular charity. Not-for- profit healthcare organization reported that around 60% of hospitals in the United States are not-for-profit. (Alliance for Advancing Non Profit Health Care, n.d.) For-profit facilities are usually owned by private investors, or they are publicly owned by shareholders. Government hospitals or government funded hospitals …show more content…
Specifically, the paper points out the different aspects of each entity in relation to hospitals. The most apparent and important is the fact that all three must provide quality healthcare to patients, and this must be performed by a qualified healthcare personnel who meet set guidelines for their profession. Each entity is needed and their purpose and mission should be clearly defined. Healthcare is one of the most important industries and continues to evolve for the better of the communities and those that rely on such
Financial Environments
The discussion of profit and not-for- profit organizations has been analyzed and discussed in essays and research papers for years. When you include government funded organizations into the mix this tends to bring about some very interesting discussions. There are similarities and differences among the three different environments. Some key identifiers that shed light into the similarities and differences include where the organizations get their money from, who makes financial decisions among such organizations, as well as who the key stakeholders are for each. Each entity has a purpose and make a true imprint in the healthcare environment.
Not-for-profit organizations are typically organizations or entities that do not pay taxes and work for their communities and/or the public. Many organizations are formed based on a religion or even a particular charity. Not-for- profit healthcare organization reported that around 60% of hospitals in the United States are not-for-profit. (Alliance for Advancing Non Profit Health Care, n.d.) For-profit facilities are usually owned by private investors, or they are publicly owned by shareholders. Government hospitals or government funded hospitals …show more content…
Specifically, the paper points out the different aspects of each entity in relation to hospitals. The most apparent and important is the fact that all three must provide quality healthcare to patients, and this must be performed by a qualified healthcare personnel who meet set guidelines for their profession. Each entity is needed and their purpose and mission should be clearly defined. Healthcare is one of the most important industries and continues to evolve for the better of the communities and those that rely on such