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QUESTION

Compare and contrast the difference between a for-profit and a not-for-profit healthcare system from a financial perspective. In your answer, be sure to provide examples of both, and the implications

Compare and contrast the difference between a for-profit and a not-for-profit healthcare system from a financial perspective. In your answer, be sure to provide examples of both, and the implications of each on the health professionals, the patients, and the insurance companies.

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Dr. Paul
Dr. Paul
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********** *** CONTRAST BETWEEN ********** AND NOT-FOR-PROFIT ********** ****** FROM FINANCIAL ********************* *** for-profit ********** ******* are ************* similar *** ***** *** significant ******** and *********** *********** In ***** ********** system ** **** ****** ******* ********** *** ****** ** attend to *** ******** ** far ** ********* *********** is ********* there ****** *** primary differences **** ** *** ****** *********** ********** ********* ******** *** scaleFirst *** ****** is one ** *** **** ******* ********** ******* for-profit and non-profit ********** ****** ********** ** *** financial impact ** *** ******** *** *** ********* ** serves ********** ********** *** ***** to *** ********* *** ***** governments which is ****** ********* ** **** ***** **** for-profit ********** ********** pay ******* ** *********** of ******** like ************ ** ***** and ***** ******* *********** ** ******** *** ******** *** other ****** ******** ***** ***** are financial ****** ** the ********** ********** ******** that ********** ********* ******* ******* ********** on **** consciousness and operational ********** Generally *********** hospitals are **** **** ********* ******* ** the financial ******* **** **** ** **** ******** ***** sales ***** while ********** hospitals need *** ** ***** about ***** ************* another *********** difference ** *** financial ******** ** ********** hospital’s **** accountability *** ********* *********** ***** **** *** *** ** *** *** CEO ** CFO ** publicly ****** company *** *** ***** keep you ******** ** your ****** ** *** ******* *********** ** ** their ******* to make **** *** ****** **** not ********** ** ** ******** *** ******* team ******* to push ********** ** **** *********** ***** It is * ******* ** ******* monetary incentives ** the compensation packages ** the ********** ********** ****** The ************ ********** ** *********** **** ** ** much **** *************** contrary ** ************ ******** ** *************** In ******** ** ******** generous incentives that ****** robust financial performance *********** ** *** ******** ** cut ***** in **** ***** ***** ** ****** ******** ******** to reduce ******** ***** *** ** ******** ** ******** new ********* *** ***** uncommitted spendingThirdly scale *** very *** **** ******* ** *** ********** ****** **** ****** ***** ** ********* operational benefits ********** hospitals ****** is ****** ************ **** ** the ******** ** ****** ** resources and expertise benefit **** ********* **** *** ****** and standardized ****** *** sector ***** **** *** well-positioned *** ************ ********** market in ****** **** ******* *** **** ** ************ ** ********** ******** without *********** ****** ********* ******* ***** ** **** **** significant ********** of for-profit ********* ******** to ***** non-profit counterparts: ****** ** capital **** ***** ****** ** for-profits ******* ** move ****** than *************** ****** to capital ** ****** reflection for ***** ********* *** investmentsTo ******** ** ** important ** **** **** *** ********** ** ********** ********** ******* **** **** not-for-profit ********** ******* *** *** *********** ************************ * * & ** * * ****** Funding ******* *** excess *** compensation ** ************** *********************** Horizons28(1) ********* E ****** *** ****** ************ ******* and Hospitals: How *** 2017 *** **** *** **** *** ****** the For-Profit Hospital ********* L ***** Pol'y Rev37 ***

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