Patton

University of Phoenix Material

Financial Environments Worksheet

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 |

|Example|1.For-Profit Hospitals |1.Not-for-Profit Hospitals |1.Governmental Hospitals |

|s |2.For-Profit Nursing Homes |2.Not-for-Profit Nursing Homes |2.Governmental Nursing Homes |

| |3.For-Profit Physicians Groups |3.Not-for-Profit Physician |3.Governmental Physician Groups |

| | |Groups | |

|Similar|For-Profit hospitals are similar to |Not-for Profit hospitals are the|Governmental Hospitals are like |

|ities |not-for-profits and governmental |largest group of hospitals in |not-for-profits because they |

| |hospitals in that they all have a |similar to governmental |have to treat indigent patients |

| |board of directors.(Gapenski, 2008) |hospitals in that there are no |and provide charitable services.|

| | |stakeholders to pay and they |The financial reporting of |

| |For-Profit Nursing Homes have a high |share almost the same tax |government hospitals and |

| |number of deficiencies when reviewed |exemptions (Gapenski, 2008) |not-for-profit hospitals is |

| |by the state. About 2/3 of nursing | |similar. (Gapenski, 2008) |

| |homes are for-profit. (Edmunds, nd.) |Not-for Profit Nursing Homes | |

| | |have fewer...