Preview

Non-Profit vs. Profit

Better Essays
Open Document
Open Document
1620 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Non-Profit vs. Profit
Kiesha Canada
Unit 2 IP
03/11/2012
United States Health System Strengths
Professor Rodriguez

Introduction
For-profit hospitals provide a service to make a profit which is returned first to organizations and then to their shareholders. Non-profit hospitals exist first to provide a service and second to accumulate assets which are returned to the hospital 's community in the form of additional services (Consumers Union, 1998).
Johns Hopkins Hospital is non-profit healthcare organization that provides many service to the Baltimore community as well as worldwide. They are infamous for their patient care and excellent providers; Johns Hopkins has the best of the best providers employed with their organization. For 21 consecutive years, Johns Hopkins has been number one in patient care. Their services include ENT, OB/GYN, Cardiology, radiology, oncology, pediatrics, internal medicine, nephrology, urology, dermatology, neurosciences. Johns Hopkins offers a wide range of services to treat very ill patients. Johns Hopkins locations are located in rural communities with patients that have Medicaid and Medicare as primary insurances. Most of Johns Hopkins funds come from charitable donations from patients through the power of giving and other charities that donate financially for research.
The providers are professors because Johns Hopkins is a teaching hospital. Johns Hopkins Medicine unites the physicians and scientists of the Johns Hopkins University School of Medicine with the health professionals and facilities that make up the broad, integrated Johns Hopkins Health System (Johns Hopkins, 2012).
With any healthcare organization whether profit or non-profit, there are strengths and weaknesses. Johns Hopkins has two weaknesses when it comes to patient care. For example, I am a clinic manager for the Department of Neurosciences at Johns Hopkins, we have so many providers and due to high demand for our physicians; we have a high demand for appointments to see



References: Consumers Union. (1998). Preserving the Charitable Trust: Nonprofit Hospital Conversion in Texas. Retrieved March 11, 2012. From http://www.consumersunion.org/health/txconversion798/txconver5-798.htm Health Choice. (2011). HCA hospital services. Retrieved March 11, 2012. From http://www.healthchoiceaz.com/generalproviders/Documents/ProviderManual/Chapter19-HospitalServices/Chapter_19_Hospital_Services_11.2011.pdf Health Finance. (2011). HCA, for-profit hospitals to fall under state Medicaid changes. Retrieved March 11, 2012. From http://www.fiercehealthfinance.com/story/changes-medicaid-could-impact-profit-hospitals-texas/2011-10-04 John Hopkins Hospital. (2012). About us. Retrieved March 11, 2012. From http://www.hopkinsmedicine.org/about/perspectives_on_health_care.html

You May Also Find These Documents Helpful

  • Good Essays

    Patton Fuller Community Hospital is a for profit organization. The organization is committed to providing quality and service to their patients. Its organization is owned by a group of active physicians that can provide care approximately to 600 patients in a full service environment. As Finkler and Ward mention every health care organization should show signs of profit in order to purchase the newest technologies and be able to be compete (Finkler & Ward, 2006).…

    • 780 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Case Study 1

    • 2130 Words
    • 5 Pages

    1-Green Valley Medical Center is a nonprofit teaching hospital affiliated with a large state university and had grown since its foundation in the 1930s with continuous support from state revenues. Since it is a nonprofit organization its main goal is not to create profit for the investors, but to reach their institutional goals, which in this case is to offer good service for the region it is located in and to train the students that attend to the state university that the medical center is affiliated with.…

    • 2130 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    In the United States, organizations are financially accessible because of many years of financing cuts, reductions in Medicare payments imposed by Balanced Act of 1997, decreases in Medicaid reimbursements, and the lowering stresses of controlled care (University of Phoenix, 2013). Organizations and other health care facilities should organize cautiously when the situation comes to financing choices, service agreements, type of equipment, physician favorites, and locating to assist in making the best decisions. According to several published and quoted surveys, organizations are postponing or eliminating equipment investments in short-term (Barlow, 2009).…

    • 1194 Words
    • 5 Pages
    Better Essays
  • Good Essays

    HSM 541 Week 6 You Decide

    • 855 Words
    • 4 Pages

    References: Barton, Phoebe Lindsey. Understanding the U.S. Health Services System, Fourth Edition. Foundation of the American College of Healthcare Executives, 2010.…

    • 855 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Methodist Hospital is a private not-for-profit organization that provides medical services to society. One of the largest charitable hospitals in the United States, the financial resources are given and an allowance given in accordance with the hospitals mission. The hospitals financial structure allows excess revenues or expenses for a certain period. Excess revenues are only shown if reserving for implementing new programs, broadening services or for purposes inconsistent with the hospitals mission…

    • 1163 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Trinity Community Hospital safeguards the quality of patient care delivered by ensuring that high quality patient care and service excellence is set as a priority for staff, so it is important to remain knowledgeable of the trends that impact healthcare nationally and how those trends will impact Trinity in the areas of Orthopedics, Cardiovascular services and Cancer…

    • 1827 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    March Of Dimmes

    • 2179 Words
    • 9 Pages

    Not-for-profit organization’s primary goal “is not to increase shareholder value; rather it is to provide some socially desirable need on an ongoing basis. It generally lacks the financial flexibility of a commercial enterprise because it depends on resource providers that are not engaging in an exchange transaction. The resources provided are directed towards providing goods or services to a client other than the actual resource provider. Thus the not-for-profit must demonstrate its stewardship of donated resources —money donated…

    • 2179 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    St. Jude Hospital has been able to enjoy a number of strengths that has enabled it to serve its patients in the desired manner. For one, the hospital enjoys a strong brand image. It is known for providing the best pediatric services. Families trust the services provided by the hospital hence willing to work with it to ensure it achieves its mission on the market. For example, the community is willing to support it anyway it can to ensure that it achieves its goals and objectives. Essentially, this is an organization that needs the support of the community to execute its roles and duties in the desired manner (Komiske, 2011).…

    • 923 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Hcs/531 Week 1 Term Paper

    • 847 Words
    • 4 Pages

    • There are 3 reasons that hospitals merged or consolidated and they are: drawing on the strengths of the other facility, seek help with struggling finances, and the gain of a demographic advantage that makes it more convenient for patients to travel to (healthcarefinancenews.com, 2013). This would impact the hospital by helping those hospitals struggling to make it financially (healthcarefinancenews.com, 2013). Capital needs and technology needs are assisted with merging into a bigger system (healthcarefinancenews.com, 2013). This also allows for a rise in accountable care organizations amongst merging…

    • 847 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Weaknesses. PMH’s core weaknesses focus on shortage and difficulty attracting physicians and geographic barriers with long…

    • 306 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Comparative Summary

    • 1474 Words
    • 6 Pages

    References: Finkler, S.A. & Ward, D.M. (2006). Accounting Fundamentals for Health Care Management. Jones and Bartlett Publishers, Inc…

    • 1474 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Throughout history we have seen a transformation in the health care system. Before 1870, hospitals, for example were constructed and operated on a charity-based foundation, and were home for strangers and the poor (Starr 171). Doctors on the other hand, would work without pay, and majority of their health care took place in patient’s homes, which required a more personal patient-doctor relationship. Nonetheless, today, we see that none of this applies. Hospitals have become an essential part of our existence, and as the health care demand increases, so did the need for technology and specialization, driving costs up and causing the charity based foundation to shift to a profitable business.…

    • 1634 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The history of the nonprofit sector is not as specific and straightforward. It is believed that charity and philanthropy which eventually shaped the nonprofit sector began during the early human civilization where the hunters hunt, gather food and provide shelter for each other. In Carl Milofsky’s (1979) “Not for Profit Organization and Community”, proposed that there were six traditions of American participation that shaped the nonprofit sector. They are (1)Protestant Patrician, (2)Urban Ethnic, (3)Free Professional, (4)Organizational Professional, (5)Inter-Organizational Coordination and (6)Corporate Philanthropic traditions.…

    • 605 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Healthcare Anti-Trust

    • 1165 Words
    • 5 Pages

    Hospitals are big business. According to a study by Forbes, 24 hospitals in the country with over 200 beds make an operating margin of 25% or more. That profit margin…

    • 1165 Words
    • 5 Pages
    Good Essays
  • Good Essays

    For Johns Hopkins Medicine to continue carrying out our three-part mission in research, education and patient care, we must first meet our financial goals. (Johns Hopkins 2015). Make is possible to spread out the estimated cash flow to each…

    • 214 Words
    • 1 Page
    Good Essays