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Paper Types
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Financial Environments Worksheet, Essay Example
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You are free to use it as an inspiration or a source for your own work.
Identify three examples of entities with for-profit, not-for-profit, and government financial environments in the health care industry. Compare the similarities and differences between the for-profit, not-for-profit, and government financial environments.
| For-Profit | Not-for-Profit | Government | |
| Examples | 1. HCA Hospital
2.Beverly Enterprises 3.SouthernCare (for profit Hospice) |
1. Blue Shield California
2. Blue Cross 3. Catholic Hospital System |
1. Veterans Hospital
2.American Indian Health Care System 3. Mental Homes (State and local government) |
| Similarities | – provides full range of health services
– regulated by government |
– provides full range of health care services
– regulated by environment |
– provides full range of health care services
– regulated by government |
| Differences | -payment mix- private insurance
– price of care- higher than average |
– payment mix depends on insured and government patients
– price of care depends on patient |
– payment mix- government pays for 100% of care
– price of care completely regulated by hospital |
Source: (Horwitz, 2005)
References
Horwitz, J.R. (2005). Making profits and providing care: comparing nonprofit, for-profit, and government hospitals. Health Affairs. 24(3), 290-801.
Getzem. T. (2009). Health Economics and Financing. New York: John Wiley & Sons.
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