For Profit vs. Not for Profit Organizations

For profit not for profit organizations Melinda Colp AIU Online Healthcare Administration Professor Michael Schmitt September 2012 healthcare organization healthcare organization can be and There are different terms for each classification in how to report and handle the finances but the basics are the same for any type of Business finances require the following basic creating understanding capital loan and financial Government owned and operated hospitals offer unprofitable which positions nonprofit hospitals somewhere between the government and healthcare The definition for healthcare providers is being able to provide care without regard to a ability to pay for their These organizations are such nonprofit nursing and They do not look at profit the same as other Their profit comes by charging patients who can pay healthcare and other government funding to cover those who cannot pay their bill Nonprofit healthcare organizations are legally and ethically bound to do their best for each patient and are held responsible and accountable to the communities and populations they The board of directors is comprised of leaders from the Another name for the nonprofit sector is known as safety The below SWOT analysis explains some of the and new innovative service of marketing plan or

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