Discuss the payment models expected for financial health

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Reference no: EM133748240

Problem

You are a member of the steering committee planning to open a new hospital in a small town located 30 miles from a university that conducts medical research. When the hospital opens, you will assume the role of CEO. At this point, the steering committee has tasked you with assessing and recommending whether to incorporate the hospital as a for-profit or non-profit structure. Explore the differences between for-profit and non-profit structures and make detailed recommendations that could be given to the steering committee, including the following aspects:

A. Findings and recommended financial structure for the new hospital. Include the following in your report:

B. Discuss the payment models expected for financial health and potential quality of care if this new hospital is incorporated using a for-profit capital structure.

C. A discussion of the payment models, expected financial health, and potential quality of care if incorporating this new hospital using a non-profit capital structure.

D. A discussion of how stakeholder concerns may influence the preferred structure.

E. A discussion of the influence of potential competition.

F. Your final recommendation and rationale to the steering committee regarding whether to incorporate the hospital as a for-profit or non-profit. Be sure to include a direct statement that begins, "I recommend..."

Reference no: EM133748240

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