Comparative Summary Essay

1098 Words May 31st, 2013 5 Pages
Comparative Summary
HCS/577
June 8, 2013
Destiny Chen
Stephanie Hildreth

Comparative Summary

In the health care industry there are different types program sector organizations, which has its own uniqueness. The different sectors of health care are divided amongst the for-profit, non-profit, and government organizations because they all have a common goal but the financial aspect is the same when it comes to providing care to patients. Within the three types of organization types, the financial need is collected and reported differently due to the organization common goal, financial environment and community outlook. In my research, to give a clearer picture I have chosen an organization that represents each health care sectors
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Also this for-profit organization has to pay taxes. The not-for-profit organization, American Diabetes Association is privately owned and is exempt from federal taxes and receives discounts due to its non-profit status. Not-for-profit organizations are used as community benefits. These benefits help out the less fortunate people of the community providing an affordable choice so health care and charging no fee for most services or a discounted rate for those who do not have medical insurance (American Diabetes Association). The government organization, the U.S. Department of Veteran Affairs has to show accountability of their financial statements and when the expenses to run the organization goes up, the revenue that is made is affected (U.S. Department of Veteran Affairs).
Financial Practices The financial practices of each organization weigh heavy on an organization practices such as for the Park Plaza hospital because it is a for-profit organization if they do not make any revenue the organization suffers as a whole because they will be unable to meet payroll and bills will not be paid. Keeping the patient as the primary responsible party allows the organization to bill patients when the insurance company doesn’t pay none or part of an medical claim (Finkler, 2006). Not-for-profit and government organizations are almost the same but the differences between the two is that the American Diabetes

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