FINANCIAL MANAGEMENT IN HEALTH CARE - COMPARATIVE SUMMARY

Financial Management In Health Care - Comparative Summary

Financial Management In Health Care - Comparative Summary

Introduction

Desert Regional Medical Centre

Desert Regional Medical centre is a part of tenet health care Corporation. Tenet is an investor owned healthcare delivery systems which is a for profit organization. It is based in Dallas Texas. It owns forty nine hospitals and was founded in 1967.

For-Profit healthcare organizations have a similar financial environment to other organizations, as their sole purpose is to attain profits by providing medical services.

Overpayments to private institutional care for profit are substantial: which is 19%. This figure means that the 37 billion U.S. dollars by the Americans paid attention to helping the investor-owned hospital. But this was beyond emergency care (and rehabilitation).

For-profit hospitals and dialysis clinics have high death rates. Nursing dwellings belongs to by investors is often cited as flaws and to supply less care and investor-owned hospices supply less care to pass away than nonprofit facilities (Sultz, Young, 2009).

Hospitals belongs to by investors to maximize profits, should not be minimized. Strategies that advance profitability often make poorer effectiveness and lift costs. Columbia / HCA, the biggest clinic in the U.S., the U.S. government has paid billions of dollars in towns for deception, yield bribes to physicians and overbilling Medicare. Tenet, U.S. firm second biggest hospital, paid more than half a billion dollars to resolve allegations of giving bribes for referrals and improperly detained psychiatric patients to load up the chairs in the years when the business was renowned as NME.

High administrative charges and smaller value, as is usual for-profit HMOs are the superior personal insurers in the United States. These designs take% in overhead charges, in evaluation with in non-profit plans in the U.S. Medicare and Canada of Medicare., Amazing, contracting with personal HMOs considerably expanded U.S. Medicare costs. During the past 10 years, Medicare has paid HMO premiums for older persons favor to go in into such personal plans. According to authorized approximates, the HMOs have employed wholesome older mature individuals, if they had not swapped to HMOs, Medicare would have cost little - about $ billion less than the yearly premiums HMO. Private designs that could not employ wholesome persons fall their Medicare agreements, disturbing look after millions of seniors. Sweeten the vessel of Medicare HMO by encompassing millions of dollars to lift HMO payments under the account lately passed Medicare ...