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Essay / Research Paper Abstract
This 6 page paper discusses the similarities and differences in terms of financial structure and characteristics between three different types of healthcare organization. These are the ‘for profit’ organizations, the ‘not-for-profit’ organizations and the government entities. The bibliography cites 5 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEfinhealthst.rtf
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Unformatted sample text from the term paper:
may result in different financial structures. When looking at different types of healthcare organizations it may be argued that there are three main types of organization; these are the
for profit organizations, the not-for-profit organizations and the government entities. By considering each type of entity it is possible to compare and contrast the relevant financial structures and consider the
way in which there may be policies that are unique to those individual organizational types, as well as looking at some of the challenges which may be faced by management
with in each ownership type. A for profit organization is a commercial entity. The ownership of this type of entity may be in private hands, with a number of individual
investors, or even a single ownership or self employment, where the aim of the business is to create a profit for the owners (Elliott and Elliott, 2008). Many of the
larger for profit organizations may be listed organizations, with a large number of shareholders. There are similar characteristics in both cases; the organization or have financial targets and will be
expected to make a profit, and the owners of the organization will be a primary stakeholder (Elliott and Elliott, 2008). This type of organization has a significant accountability to the
owners, and owners will have a route through which they may take action when they are dissatisfied with the performance of the organization. The organization will usually have limited liability
in the way that it has been incorporated, and will be answerable to the investors for the board of directors. Board members are elected, and as such may fail to
be elected, with most board members coming up for election on a rotational basis (Thompson, 2007). There are a number of financial management practices which will be in place; these
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