Question

What are the benefits of for-profit hospitals compared to nonprofit hospitals: CEO: PATIENT: PAYER: SOCIETY

What are the benefits of for-profit hospitals compared to nonprofit hospitals: CEO: PATIENT: PAYER: SOCIETY

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Benefits of for-profit hospitals are as follows:

1. Availability of the advanced and latest technology devices & systems that can better diagnose the health issues and offer quality health care.

2. Availability of best performing physician and different alternatives available to the patients for the health care.

3. Relatively higher level of focus on hygiene and quality in the health care  

4. Funds available for investments on R&D work, it brings new ways to the care patients

5. Adequate attention upon the patients regarding their health care needs due to the optimum number of people on payroll.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Reasons why hospitals convert from nonprofit to for-profit status include all but which of the following?...
Reasons why hospitals convert from nonprofit to for-profit status include all but which of the following? a. The hospital managers can gain from the transaction. b. The hospital has access to equity capital c. There will be a decrease in taxes. d. All of the above. e. None of the above.
What are the benefits of institutionalizing bioethics into policies at hospitals and universities? What are some...
What are the benefits of institutionalizing bioethics into policies at hospitals and universities? What are some of the unintended negative consequences of creating ethical policies at these institutions?
What are the benefits of incremental development, compared with the waterfall model? What are the advantages...
What are the benefits of incremental development, compared with the waterfall model? What are the advantages of using incremental development and delivery?
Except for the Patient Protection and Affordable Care Act, the remaining legally required benefits were conceived...
Except for the Patient Protection and Affordable Care Act, the remaining legally required benefits were conceived more than a decade ago. What changes in the business environment and society might affect the relevance or perhaps the viability of any of these benefits? Discuss your ideas.
What are the benefits and detriments of using debt as a source of funds when compared...
What are the benefits and detriments of using debt as a source of funds when compared to issuing common stock?
what factor in our society has weakened the patient medical professional relationship?
what factor in our society has weakened the patient medical professional relationship?
Based on economic theory what are two of the situations in which society benefits from having...
Based on economic theory what are two of the situations in which society benefits from having government regulations? Explain how in each case.
What changes in pulmonary function values would occur in an asthma patient when compared to the...
What changes in pulmonary function values would occur in an asthma patient when compared to the values from a healthy person? Select one: a. more than one of the above are correct b. none of the above are correct c. an increased FEV1 d. an increase in FEV1/FVC ratio e. an increased FVC
Managing Employee Benefits: Cutting Benefits at Generals Construction As Generals Construction moves into its tenth year,...
Managing Employee Benefits: Cutting Benefits at Generals Construction As Generals Construction moves into its tenth year, the company’s future is promising. The company has continued to grow and profit, but the CEO has asked company leaders to examine expenses to ensure that the company is financially stable going forward. As the Director of Human Resources, Jane Smith is examining opportunities to cut employeerelated expenses while maintaining employee satisfaction and morale. However, Director of Finance Ann Lane is pushing some cost-cutting...
As a part of proposed health care reform, the federal government is encouraging hospitals to use...
As a part of proposed health care reform, the federal government is encouraging hospitals to use new health information technology as a means to reduce health care costs and increase quality of services. You are the CFO of a nonprofit hospital and need to conduct a cost-benefit analysis of the idea to present to the board. Being well trained in economic evaluation, especially cost-benefit analysis, you have happily accepted the challenge of this task. You have collected some relevant information....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT