As tax-exempt organizations, nonprofit healthcare providers have a duty of serving communities and providing care without wishing for a patients ability to pay. The fiscal bottom line of nonprofits is cover by charging more to patients who bottomland pay bills, to cover those who cant. For-profit providers facial expression at healthcare as a business, with a financial bottom line that produces profits distributed to shareholders.
There is no fade evidence that nonprofit hospitals or for-profit hospitals as a building block are better than the other. A 2002 Canadian study of 26,000 U.S. hospitals, embed that for-profit hospitals had a 2 percent higher mortality regularize than nonprofit hospitals. No other study has shown outcomes to be understandably better in nonprofit hospitals.
Source: For-Profit Vs. Not-For-Profit Healthcare Providers | eHow.com hypertext transfer protocol://www.ehow.com/facts_5974131_for_profit-vs_-not_for_profit-healthcare-providers.html#ixzz1uqmYmCls
The devil types of hospitals differ mainly in regulatory rules. Non-profit hospitals do not need to pay property, sales, or income taxes.
Despite these differences, the two types of ownerships have been becoming more and more similar and more hospitals have been switching ownership status suggesting that the hospital intentness is less stagnant than the public perception assumes. For-profit and not-for-profit hospitals generate revenues by daily operations. For-profit hospitals are able to generate funds finished issuing stocks while non-for-profit hospitals do not have this ability. Accordingly, non-for-profit hospitals can issue tax-exempt bonds and can accept tax-deductible contributions. Non-profits were created with the intention of go the needs of the poor. This subsequently led to non-for-profit hospitals being exempt from taxes, as they were providing certain social services....If you want to get a beneficial essay, order it on our website: Orderessay
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