Create an analysis report that includes a comparison table for for-profit and nonprofit hospitals. You will research for-profit and nonprofit hospitals, collect information about
Prompt
To complete this assignment, you will create an analysis report that includes a comparison table for for-profit and nonprofit hospitals. You will research for-profit and nonprofit hospitals, collect information about their financial strategies and malpractice guidelines, and then compare these two categories and analyze their similarities and differences. Then you will summarize your analysis findings. Last, you will recommend an appropriate justification for the need for both for-profit and nonprofit hospitals in the U.S. healthcare system.
You are required to cite a minimum of three sources overall to support your claims. However, your submission must cite at least two outside sources from your own research. You may cite no more than one source from the module resources in your submission. For additional help with completing this assignment, refer to the Shapiro Library Guide: Nursing – Graduate item in the Start Here module. You may also use the Online Writing Center, located in the Academic Support module.
Use this hospital comparison table template to help you complete this assignment: Module Six Activity For-Profit and Nonprofit Hospital Comparison Table Template Word Document
Specifically, you must address the following:
- Business Objective: Describe the business objectives or purposes of for-profit and nonprofit hospitals, including their general mission and vision. Consider the following in your response:
- What are the core objectives of for-profit and nonprofit hospitals, and how do these influence their financial needs?
- What are the key differences in the mission and vision of for-profit and nonprofit hospitals?
- Financial Strategy: Analyze the financial strategies of selected hospitals, explaining if their financial needs are key influencers for their business objective. Consider the following in your response:
- How does tax status impact for-profit and nonprofit hospitals?
- Are the financial needs of for-profit hospitals and nonprofit hospitals different?
- Provision of Uncompensated Care: Describe the concept of provision of uncompensated care. Consider the following in your response:
- What is uncompensated care?
- Is there any difference in the provision of uncompensated care in for-profit and nonprofit hospitals?
- Liability for Malpractice: Analyze liability guidelines for malpractice and its financial impact on for-profit and nonprofit hospitals. Consider the following in your response:
- Are liabilities different for for-profit and nonprofit hospitals?
- What is sovereign immunity law, and how does it impact liability limits for malpractice in for-profit and nonprofit hospitals?
- Recommendation: Using your analysis findings to support your claim, share your recommendation about the need for both for-profit and nonprofit hospitals in the United States. Consider the following in your response:
- What are the key strategic differences between for-profit and nonprofit hospitals?
- How do the financial needs or objectives of for-profit and nonprofit hospitals impact the policies and laws?
- Is there a need for both for-profit and nonprofit hospitals in the U.S. healthcare system? Share your recommendation with appropriate justification.
IHP 610 Module Six Activity For-Profit and Nonprofit Hospital Comparison Table Template
Directions
Use this for-profit and nonprofit hospital comparison table to help you complete your Module Six activity assignment. Replace all text in brackets with the appropriate information, then copy and paste this template into your analysis report assignment.
Module Six Activity For-Profit and Nonprofit Hospital Comparison Table
|
Characteristics |
For-Profit Hospitals |
Nonprofit Hospitals |
|
Business Objective |
· Core Objectives: [Insert the general financial and nonfinancial objectives of for-profit hospitals.] · Mission and Vision: [Insert general mission and vision alignments of for-profit hospitals.] |
· Core Objectives: [Insert the general financial and nonfinancial objectives of nonprofit hospitals.] · Mission and Vision: [Insert general mission and vision alignments of nonprofit hospitals.] |
|
Financial Strategy |
· Tax Status Impact: [Insert the brief information about the tax status impact on for-profit hospitals.] · Financial Needs: [Insert brief information about the financial needs of for-profit hospitals.] |
· Tax Status Impact: [Insert the brief information about the tax status impact on nonprofit hospitals.] · Financial Needs: [Insert brief information about the financial needs of nonprofit hospitals.] |
|
Provision of Uncompensated Care |
· Provision of Uncompensated Care: [Insert brief information about the provision of uncompensated care in for-profit hospitals.] |
· Provision of Uncompensated Care: [Insert brief information about the provision of uncompensated care in nonprofit hospitals.] |
|
Liability for Malpractice |
· Liability Guidelines for Malpractice: [Insert brief information about the liability guidelines for malpractice for for-profit hospitals.] · Sovereign Immunity Law: [Insert brief information about the impact of sovereign immunity law on for-profit hospitals.] |
· Liability Guidelines for Malpractice: [Insert brief information about the liability guidelines for malpractice for nonprofit hospitals.] · Sovereign Immunity Law: [Insert brief information about the impact of sovereign immunity law on nonprofit hospitals.] |
,
Overview
All hospitals serve pa!ents, employ physicians and nurses, and adhere to the rules and regula!ons defined by the legal
framework for clinical services. Although nonprofit and for-profit hospitals are fundamentally similar, there are significant
cultural and opera!onal differences, such as the purpose or mission for running the hospital, strategic approaches to scale,
financial strategies, and opera!onal discipline. The culture at for-profit hospitals is business driven, and at nonprofit hospitals,
it is service driven. For balanced healthcare services, both are important.
This assignment will help you explore for-profit and nonprofit hospitals, including their purpose, strategy, and services. You
will iden!fy one for-profit hospital and one nonprofit hospital in the United States. You will conduct research and compare
these iden!fied for-profit and nonprofit hospitals to analyze the strategic similari!es and differences between these two
categories of hospitals. This assignment will prepare you for Project Two by helping you develop skills to analyze hospitals’
financial needs and their impact on health policies and laws.
Prompt
To complete this assignment, you will create an analysis report that includes a comparison table for for-profit and nonprofit
hospitals. You will research for-profit and nonprofit hospitals, collect informa!on about their financial strategies and
malprac!ce guidelines, and then compare these two categories and analyze their similari!es and differences. Then you will
summarize your analysis findings. Last, you will recommend an appropriate jus!fica!on for the need for both for-profit and
nonprofit hospitals in the U.S. healthcare system.
You are required to cite a minimum of three sources overall to support your claims. However, your submission must cite at
least two outside sources from your own research. You may cite no more than one source from the module resources in your
submission. For addi!onal help with comple!ng this assignment, refer to the Shapiro Library Guide: Nursing – Graduate item
in the Start Here module. You may also use the Online Wri!ng Center, located in the Academic Support module.
Use this hospital comparison table template to help you complete this assignment: Module Six Ac!vity For-Profit and
Nonprofit Hospital Comparison Table Template Word Document
Specifically, you must address the following:
1. Business Objec!ve: Describe the business objec!ves or purposes of for-profit and nonprofit hospitals, including their
general mission and vision. Consider the following in your response:
A. What are the core objec!ves of for-profit and nonprofit hospitals, and how do these influence their financial
needs?
B. What are the key differences in the mission and vision of for-profit and nonprofit hospitals?
2. Financial Strategy: Analyze the financial strategies of selected hospitals, explaining if their financial needs are key
influencers for their business objec!ve. Consider the following in your response:
A. How does tax status impact for-profit and nonprofit hospitals?
B. Are the financial needs of for-profit hospitals and nonprofit hospitals different?
3. Provision of Uncompensated Care: Describe the concept of provision of uncompensated care. Consider the following
in your response:
A. What is uncompensated care?
B. Is there any difference in the provision of uncompensated care in for-profit and nonprofit hospitals?
4. Liability for Malprac!ce: Analyze liability guidelines for malprac!ce and its financial impact on for-profit and nonprofit
hospitals. Consider the following in your response:
A. Are liabili!es different for for-profit and nonprofit hospitals?
!
7/11/22, 2:06 PM Page 1 of 3
B. What is sovereign immunity law, and how does it impact liability limits for malprac!ce in for-profit and
nonprofit hospitals?
5. Recommenda!on: Using your analysis findings to support your claim, share your recommenda!on about the need for
both for-profit and nonprofit hospitals in the United States. Consider the following in your response:
A. What are the key strategic differences between for-profit and nonprofit hospitals?
B. How do the financial needs or objec!ves of for-profit and nonprofit hospitals impact the policies and laws?
C. Is there a need for both for-profit and nonprofit hospitals in the U.S. healthcare system? Share your
recommenda!on with appropriate jus!fica!on.
Guidelines for Submission
Your submission should be a 3- to 5-page Word document, including your completed comparison table from the provided
template. You must also include an APA-style !tle page. Use 12-point Times New Roman font, double spacing, and 1-inch
margins. Sources should be cited according to APA style.
Criteria Exemplary (100%) Proficient (90%) Needs
Improvement (70%) Not Evident (0%) Value
Business Objec!ve
Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language
Describes the business objec!ves or purposes of for- profit and nonprofit hospitals, including their general mission and vision
Shows progress toward proficiency, but with errors or omissions
Does not a$empt criterion
15
Financial Strategy Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language
Analyzes the financial strategies of selected hospitals with how their financial needs may be the key influencer of the business objec!ve
Shows progress toward proficiency, but with errors or omissions
Does not a$empt criterion
15
Provision of Uncompensated
Care
Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language
Describes the concept of provision of uncompensated care
Shows progress toward proficiency, but with errors or omissions
Does not a$empt criterion
15
Liability for Malprac!ce
Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language
Analyzes liability guidelines for malprac!ce and its financial impact on for-profit and nonprofit hospitals
Shows progress toward proficiency, but with errors or omissions
Does not a$empt criterion
15
Recommenda!on Exceeds proficiency in an excep!onally clear and insigh#ul
Shares recommenda!on using analysis
Shows progress toward proficiency, but with errors or
Does not a$empt criterion
15
Module Six Ac!vity Rubric
7/11/22, 2:06 PM Page 2 of 3
manner, using industry-specific language
findings about the need for both for- profit and nonprofit hospitals in the United States
omissions
Ar!cula!on of Response
Exceeds proficiency in an excep!onally clear and insigh#ul manner
Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstra!ng an understanding of audience and purpose
Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, nega!vely impac!ng readability
Submission has cri!cal errors in grammar, sentence structure, and spelling, preven!ng understanding of ideas
10
Scholarly Sources Incorporates more than three scholarly, current (within the last five years) sources, including at least two outside sources, or use of sources is excep!onally insigh#ul
Incorporates three scholarly, current (within the last five years) sources, including at least two outside sources, that support claims
Incorporates fewer than three scholarly, current (within the last five years) sources, includes more than one module resource, or not all sources support claims
Does not incorporate sources
10
APA Style Formats in-text cita!ons and reference list according to APA style with no errors
Formats in-text cita!ons and reference list according to APA style with fewer than five errors
Formats in-text cita!ons and reference list according to APA style with five or more errors
Does not format intext cita!ons and reference list according to APA style
5
Total: 100%
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