Nonprofit versus for-profit healthcare and organizations analyze the characteristics of each type of organization and the factors that impact operations: “As tax-exempt organizations, nonprofit healthcare providers have a duty of serving communities and providing care without regard for a patient's ability to pay. The financial bottom line of nonprofits is covered by charging more to patients who can pay bills, to cover those who can't. For-profit providers look at healthcare as a business, with a financial bottom line that produces profits distributed to shareholders. There is no clear evidence that nonprofit hospitals or for-profit hospitals as a whole are better than the other. A 2002 Canadian study of 26,000 U.S. hospitals, found that for-profit hospitals had a 2 percent higher mortality rate than nonprofit hospitals.
The Comparison: Before discussing the healthcare portion I think it’s important to define nonprofit and profit. The mission of a nonprofit organization benefits the greater good of the community, society or the world. For profit organizations benefits the owners and shareholders financially and profit is their goal. Nonprofits are tax exempt and cannot use their funds for anything other than the mission they were formed for. Nonprofits are allowed to make a profit but it can only be used for the operation of the organization.
Unnecessary surgery exposed! Why 60% of all surgeries are medically unjustified and how surgeons exploit patients to generate profits Friday, October 07, 2005 by: Alexis Black Every year millions of Americans go under the knife, but many of them are enduring great pain and shelling out thousands of dollars for surgeries they don't really need. In fact, the only people who seem to really benefit from these unnecessary medical procedures are the medical professionals who stand to make exorbitant amounts of money from performing them. An estimated 7.5 million unnecessary medical and surgical procedures are performed each year, writes Gary Null, PhD., in Death by Medicine. Rather than reverse the problems they purport to fix, these unwarranted procedures can often lead to greater health problems and even death.
Private companies have a relatively small number of shareholders and do not offer or trade shares to the general public. The Purpose of a Limited partnership organisation is to make profit, Limited partnerships are usually owned by two or more people, which they finance and run join tly for personal gain, in this type of organisation. Profits are shared equally. A Public Limited company (PLC) this organisation is similar to a structure of a private company, however their purpose involves a more long-term strategy for profit making. Shareholders own PLC’s, and unlike private limited companies these are advertised to the public.
A company may have a variety of forms. Business forms can be divided into two groups, those businesses which are an extension of the owner(s), and those which set up an entity distinct from the owners. Sole proprietorships and partnerships are business structures which expose the individual owner(s) to the liabilities of the business. These business types are inexpensive to set up, do not have regular state filing requirements, and do not have strict reporting requirements. As such these types of business are inexpensive to start up and maintain
Proprietorship has three important advantages: it is easily and inexpensively formed; its subject to few government regulations and; its income is not subject to corporate taxation but is taxed as a part of the proprietor’s income. Limitations include: difficulty obtaining capital needed for growth; having an unlimited personal liability for business debts can result in losses that exceed the money invested in the company and; life of a proprietorship is limited to life of its founder. For these reasons sole proprietorship is used mainly for small businesses. A partnership exists when there are two or more persons or entities associate to conduct non-corporate business for profit. Partnership agreements define the ways that any profits and losses are shared between partners.
Rising Health Care and Poverty Rising Health Care and Poverty in the U.S.A Introduction Rising health care costs and poverty have been on the rise since the early, 1990’s. Medical costs have more than doubled over the last decade, and health insurance premiums have risen nearly five times faster than wages. Americans are spending far more on health care than residents of any other industrialized county while receiving lower quality care overall. Clemmitt, Marcia (2006, April 7) Rising health cost (vol.16, Issue 13). The census data for 2006 shows that 36.5 million Americans or about one in eight lived below the federal poverty like of $20,614 in income for a family of four.
The doctors are government employees making a set salary, and they receive a bonus for keeping their patients healthy. The hospitals compete to be the popular hospital to keep from being shut down (Reid, 2008). If Mr. Davis lived in Great Britain, he would receive exceptional care without the high medical bills. References: National Health Service (NHS) (2013). Get help with prescription costs .
This led them into a financial crisis that was believed to have been because of net profit drops in two consecutive quarters. (Harley Davidson, 2012) After company-wide restructure, the closing of factories and a distribution center, and downsizing of a big chunk of their workforce, the company has been able to turn tides on this scary situation. The Harley Davidson Company has been to the brink of financial disaster. They took stock in their situation and have been able to overcome the pending disaster. The very fact that their recent history involves this