For profit vs. not for profit organizations Melinda Colp AIU Online Healthcare Administration HCM630-1203D-01 Professor Michael Schmitt September 16‚ 2012 Non-Profit healthcare organization vs. for-profit healthcare organization “Hospitals can be non-profit‚ for-profit‚ and government-owned and/or operated” (Baker & Baker‚ 2006). 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. Business
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The Frontline Documentary Meltdown recounts that tragic downfall of Bear Stearns one of America’s prominent Investment Banking Institution. It was a fall that was heard and felt globally and one that caused the Global Economic Crisis in 2008 that threw the country in a severe recession that would take the nation years to recover. The economic downturn affected many lives and many loses were incurred by both in financial institution‚ traders and not to mention individual investors.
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Nonprofit versus For-Profit Healthcare and Organizations Abstract This paper explores articles and research conducted on nonprofit versus For-Profit Healthcare and Organizations. There are three types of entities that own hospitals‚ which are: nonprofit‚ for-profit‚ and government. However‚ it can’t be determined if they specialize in different medical services or how their service profits affect certain specializations. More than likely‚ the for-profits offer profitable medical services that
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Water privatization refers to the control or maintenance of water systems and water resources by private entities. Water privatization pros include improved water supply‚ meaning that the water is clean not contaminated. A more efficient water system which decreases contamination rate and by increasing access supply decreases mortality rate. Privatization is cost effective‚ saves corporations money. Privatization provides specialized‚ trained people that provide a higher level of care to the water
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Non-Profit vs. For-Profit The main difference between non-profit and for profit healthcare organizations are; Non-profit hospitals don’t need to pay property‚ sales or income taxes and receive grants from the government and through donations. They were designed to provide discounted fees for service or no fee to those in the surrounding communities with limited to no funds for healthcare‚ basically the poor or those who fall within the guidelines of those below poverty level. The tax exemptions
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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Royal Mail Privatization According to the Business News on ‘BBC’ which was updated on 8 October 2013‚ the government intended in privatizing Royal Mail as this had been planned for many years. Royal Mail employees have been given 10% of the shares as part of a stock market flotation. Business Secretary Vince Cable described it as “the biggest employee share scheme for almost 30 years”. Meanwhile‚ the public have been given the opportunity to apply to buy shares online until 8 October. An amount
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this paper is to provide a concrete overview‚ and demonstrate how privatization of public services agencies is taking place in the area of health and human services. I will also look at the rationales behind privatization and the evidences of how effective or problematic this could be for many government agencies. We must agree that privatization is not a new concept and this has been around for a many decades. What is privatization? What are the pros and cons? These questions have been discussed
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Privatization of Electricity in Tanzania The story of Tanzania‚ from pre-colonialist period to present Tanzania‚ located in East Africa‚ is one of the least developed countries in the world. According to the UNDP Human Development Index‚ Tanzania ranked 162 out of 177 countries in the 2004 survey (UNDP:2004‚ HDI)‚ with one being the most developed. According to the Poverty Reduction Strategy Paper (PRSP) prepared by Tanzanian officials for the World Bank‚ half of Tanzanians 36.6 million people
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Is privatization of Social Security the long-term solution to "saving Social Security"? Will you be willing to pay more taxes and give up benefits to save Social Security? “Social Security is a social insurance program officially called "Old-Age‚ Survivors‚ and Disability Insurance" (OASDI)‚” It is funded through a payroll tax that workers pay today for workers who have paid in the past; during their working years. In 2008‚ total benefits of $625 billion were paid out versus income (taxes and
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