Healthcare and business can often times be a delicate subject. How do I feel personally regarding the business of healthcare, and should healthcare be profitable or not? The healthcare field is comprised of three different sectors: nonprofit, for profit, and government owned facilities.
I think one must consider the nature of the healthcare industry before a fixed determination can be made and if that particular sector should be profitable or non profitable.
Nonprofit organizations play a vital role in the delivery of healthcare in the United States. An extensive amount of hospitals, public health centers, and nursing home facilities represent the nonprofit sector, moreover health care plans that serve as an aide to non profit organizations. The word non-profit in any organization suggests that no monetarily gain or benefit …show more content…
Albeit ethicality is a virtuous gesture, but realistically how can the healthcare field survive if every organization within the healthcare field is operating as a non profit organization. The majority of nonprofit organizations provide services free of charge or a scale based fee vs a profitable organization will charge the actual fee or services will be billed to ones private insurance.
There are various pros and cons between a nonprofit and a for profit organization in the healthcare industry. The major difference between a non profit and for profit organizations of course is economical satisfaction; secondly for profit healthcare organizations may not base their culture by ethical implications of wanting to assist the needy patient.
There are countless benefits that a nonprofit organizations offer, however, I feel that it is necessary to have profitable organizations as well. From a business structure of thought, I believe that by having both non profit and profit it balances out to make a fertile
I think one must consider the nature of the healthcare industry before a fixed determination can be made and if that particular sector should be profitable or non profitable.
Nonprofit organizations play a vital role in the delivery of healthcare in the United States. An extensive amount of hospitals, public health centers, and nursing home facilities represent the nonprofit sector, moreover health care plans that serve as an aide to non profit organizations. The word non-profit in any organization suggests that no monetarily gain or benefit …show more content…
Albeit ethicality is a virtuous gesture, but realistically how can the healthcare field survive if every organization within the healthcare field is operating as a non profit organization. The majority of nonprofit organizations provide services free of charge or a scale based fee vs a profitable organization will charge the actual fee or services will be billed to ones private insurance.
There are various pros and cons between a nonprofit and a for profit organization in the healthcare industry. The major difference between a non profit and for profit organizations of course is economical satisfaction; secondly for profit healthcare organizations may not base their culture by ethical implications of wanting to assist the needy patient.
There are countless benefits that a nonprofit organizations offer, however, I feel that it is necessary to have profitable organizations as well. From a business structure of thought, I believe that by having both non profit and profit it balances out to make a fertile