The difference between a non-profit and profit hospitals is the patients that are
accepted. Non-profits will accept anyone no matter who their insurance carrier is or of
they have insurance at all (Writing, n.d.). For profit hospitals will only accept certain
insurances that they can submit claims through to be paid. With that in mind, these
implications can affect staffing, the type of programs offered, and policies and
procedures. Financially, the budget will affect how much they can offer for salaries and
equipment used within the different types of hospitals. Privately owned hospitals will
have their own set of policies and procedures on top of the general regulations that non-
profits use. a Academic medical centers are linked with a medical school. The financial
impacts of a for-profit organization in the community could decrease revenues and the
number of patients our organization sees daily. The benefits of being an academic
facility are larger budgets from donations, grants/government funding, and tax
deductions to name a few.
Reference:
Writing, A. (n.d.). Business & Financial Differences Between Profit & Nonprofit
Hospitals | Small Business - Chron.com. Small Business - Chron.Com. Retrieved
March 31, 2022, from https://smallbusiness.chron.com/business-financial-
differences-between-profit-nonprofit-hospitals-492.html
