Reply to Brittani on differences of for-profit and not for profit healthcare organizations
Reply to Brittani on differences of for-profit and not for profit healthcare organizations.
In addition to the thread, you are required to reply to at least 2 other classmates’ threads. Each reply must be 300–400 words. You must include at least 2 citations for each thread, and at least 1 citation for each reply and Biblical Integration Current APA format must be used.American Psychological Association. Publication manual of the American Psychological Association (Current ed.). Washington, DC: Author.
Lee, R. H. (2019). Economics for healthcare managers (4rd ed.). Chicago, IL: AUPHA. ISBN: 9781640550488.
Healthcare organizations have the opportunity to decide whether they want to be a for-profit or not-for-profit corporation. When patients are determining where to be seen for an illness, they do not consider if they are a not-for-profit business or a for-profit business. Not-for-profit healthcare systems tend to focus on the quality of care and services provided for patients rather than on the benefit of the owners. In the for-profit healthcare systems, they focus on the sum of the profits to be able to provide a decent amount for the owners. For-profit healthcare systems are more strict on their regulation of money and are quick to cut back on spending as well as unnecessary employee positions affecting the health professionals (Herrera, Rada, Kuhn-Barrientos, & Barrios, 2014). The for-profit businesses are more likely to experience stress in a workplace for the employees because of their drive and need for the income in order to make a profit. Not-for-profit businesses tend to be laid back with a less stressful environment making the atmosphere more enjoyable for employees (Harrington, 2015). Not-for-profit healthcare systems are typically exempt from taxes which provide them an economical break. For-profit businesses have the ability to put in their input and say in their costs and other financial business while the not-for-profit businesses do not have much say (Harrington, 2015). For-profit businesses do not have as much of the outside regulation and input affecting the decisions that are being made within the business. Not-for-profit businesses have a lot of outside opinions and say in the way their business is run. “For-profit providers seem to have worst results than their not-for-profit counterparts” (Herrera, Rada, Kuhn-Barrientos, & Barrios, 2014). There has been studies conducted on the quality of care given to patients depending on the kind of ownership the system has. When quality of care is not provided for the patients, it will affect the business dramatically in the future. For-profit healthcare systems typically have a higher statistic for mortality rate than not-for-profit systems because they tend to focus on the income rather than the quality of care given (Herrera, Rada, Kuhn-Barrientos, & Barrios, 2014). Insurance is affected depending on what ownership a business decides to go with, and typically the for-profit will lead to better outcomes for patients and the healthcare owner as well. “Ownership of healthcare providers has been considered as one factor that might influence health and healthcare related performance” (Herrera, Rada, Kuhn-Barrientos, & Barrios, 2014). Another difference between for-profit and not-for-profit businesses is whether they have to pay property and income taxes or not (Harrington, 2015). For-profit businesses fall under the category of having to pay those income and property taxes, where as not-for-profit businesses do not. Not-for-profit organizations rely on donations as well as investments from the community around them in order to provide patients with the care they need (Harrington, 2015). When it comes to other factors that differentiae amongst the two, the duration it takes to be seen by a provider comes in to play. For-profit healthcare organizations tend to respond faster than not-for-profit businesses.
When one takes on the role to work in the healthcare field, they have to be willing to bear the responsibility of taking care of others at their best ability. God wants us to love on others the way He loves and cares for us, treating others the way we wish to be treated. Philippians 2:4 states “let each of you look not only to his own interests, but also to the interests of others.” Our job as a healthcare worker is love on others as God does for each of us.
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