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The three major types of hospital by ownership are public, private and voluntary hospitals. This essay will discuss the nature of each of these types of hospitals, and the differences between them.
Public hospitals are hospitals funded by governmental funds, whether they originate from the local, state, federal or county levels. Public hospitals have a fiduciary duty to care for their patients, which by law, are all individuals who enter the hospital seeking treatment. This is because the public hospital, as a taxpayer-funded institution, has a duty to care for the general public. Public hospitals are typically the largest in size, with the 2014 American Hospital Association’s annual survey indicating that about 51% of all hospitals in America are public hospital, with the lion’s share of admissions (at nearly 34 million) going to public hospitals.[1]
Private , or for-profit, hospitals XXX XXXXXXXXX XXX as XXXXXXXXXXXX. The XXXXXX of XXXXX hospitals are XXX XXXXXXXXXXXX. XXXXXXX hospitals XXXX a XXXXX of XXXXXXXXXX and a C-suite XXXXXXXXX team whose XXXXXXXXXXXXXXXX XXX to their XXXXXXXXXXXX and XXXXX XXXXXXXXXXXX.[X] To XXXXX shareholders, the private hospital must XX financially sustainable, XXX produce a required rate of return XX investment XX XXXXXX XXXXXXXXXXX by shareholders. XX their XXXXXXXXXXXX, XXXX XX XXXXXXXXXXXXXX companies, XXXXXXXX, and XXXXXXXXXX XXXXXXXXX, private XXXXXXXXX must balance XXXXX interests XXX observe their fiduciary duty XX XXXX XXX XXXXXXXX. XXXXXXX XXXXXXXXX, as XXXXXXXXX-run XXXXXXXXX, XX XXX XXXX to accept XXXXXXXX who XXXXX to the hospital seeking treatment. XXXX form XXX minority of the market in XXXXXXXXXX, XXXX only XX% XX XXXXXXXXX in America being private XXXXXXXXX, XXXXXXXXXXXX XXXXXXX only 2 million XXXXXXXXXX annually, XXXXXXXXX XX XXX XXXX American XXXXXXXX Association’s annual XXXXXX.[3]
Finally, XXXXXXXXX, or non-XXXXXX hospitals XXX hospitals owned XXX run by third-party XXXXXXXXXXXXX such as XXXXXXXXX XXX religious institutions, which XXX XXX XXXXXX XXXXXXX by private capital or XXXXXXXXXXXX funding. XXXXX XXXXXXXXX hospitals XXX to steward XXX funds provided XX third XXXXX XXXXXXXXXXXXX in a responsible way, while XXXX maintaining their XXXXXXXXX XXXXXXXXXXX to XXXX XXX XXXXXXXX.[X] Voluntary or non-profit hospitals XXX XXXXXXXXX the smallest segment XX XXX XXXXXXXXXX market, accounting for XXXXX XX% of XXXXXXXXX XXX XXXX than 1 million admissions XXXXXXXX, XXX XX the XXXXXXXXXXX in financing that XXXX XXXX.[5] XXXXXXXXX or XXX-profit XXXXXXXXX XXX XXXX XXXXXXXXX set up XX XXXXXXX a mission, such XX a Christian outreach to underprivileged XXXXXXXXXXX.
XXX differences XXXXXXX the XXXXXXXXX are as follows. Foremost, in XXXXX of size, the XXXXXX hospitals are largest, XXXXXXXX by private XXXXXXXXX and voluntary XXXXXXXXX. This XXXXX XXXX XXXXXX hospitals typically wind up absorbing the bulk XX a country’s healthcare needs. In XXXXX of quality XX care, private hospitals XXXXXXXXX XXXXX XXXXXX hospitals XXX voluntary XXXXXXXXX, although XXXX XX not true XXXXXX XXX XXXXX.[6] XXXXXXX, XXX XX greater XXXXXXXX XXXXXXXXXXXX, XXXXXXX hospitals XXXXXXXXX XX offer a better XXXXXXXXXX XXXXXXXXXXXX-XX-XXXXXXX ratio. XX XXXXX of XXXXXXX XX innovation XXX technology, XXXXXXX hospitals XXXX XX XXXX to XXXX XXX sector, XXXXX of XXXXXX XXX XXXXXXXXX XXXXXXXXX.[7] XXXXXXX, private hospitals XXX also XXX more XXXXXXXXX XXX less XXXXXXXXX XXXX public XXX voluntary hospitals. XXXXXXX, in XXXXX XX XXXXXXXXXX, private XXXXXXXXX tend to XX run more efficiently XXXX public and XXXXXXXXX XXXXXXXXX.
In XXXXXXXXXX, XXX XXXXX types of XXXXXXXXX by XXXXXXXXX XXX distinct in XXXXX nature, XXX each plays a vital role in XXX X.S. healthcare XXXXXX.
XXXXXXXX
[X] XX Institute, 'The Pros and XXXX of XXXXXX vs. XXXXXXX XXXXXXXXX.' Accessed March 1, 2019.XXXXX://www.npinstitute.com/public-vs-private-XXXXXXXXX-s/XXXX.XXX
[X] XXXXXXXX, Syed Saad. "Public and private hospitals in Bangladesh: XXXXXXX quality XXX predictors of hospital choice." Health XXXXXX and planning XX, no. 1 (XXXX): XX-XXX.
[X] XX Institute, 'XXX XXXX XXX XXXX of Public XX. XXXXXXX Hospitals.' XXXXXXXX March X, XXXX.https://www.npinstitute.com/XXXXXX-vs-XXXXXXX-XXXXXXXXX-s/XXXX.XXX
[4] Yeşilada, XXXXX, and Ebru Direktouml. "Health care service XXXXXXX: A comparison XX public and private hospitals." African XXXXXXX of business management 4, no. X (XXXX): 962-XXX.
[5] NP XXXXXXXXX, 'The Pros and XXXX XX XXXXXX XX. XXXXXXX XXXXXXXXX.' Accessed XXXXX 1, 2019.XXXXX://XXX.XXXXXXXXXXX.XXX/public-XX-private-hospitals-s/XXXX.XXX
[X] XXXXXXXXXXXX XXXXXXXXXX. "Public and XXXXXXX hospitals." XXXXXXXXXXXX Commission, XXXXXXXXXX of XXXXXXXXX XXXXXXXX Reports (2009).
[X] Andaleeb, Syed XXXX. "XXXXXX and XXXXXXX hospitals in Bangladesh: service XXXXXXX and predictors of XXXXXXXX choice." Health XXXXXX and planning XX, XX. 1 (XXXX): XX-102.
XXXXXXXXXX
XXXXXXXX, XXXX Saad. "Public and XXXXXXX XXXXXXXXX in Bangladesh: XXXXXXX quality XXX XXXXXXXXXX XX XXXXXXXX choice." Health policy and XXXXXXXX XX, XX. 1 (2000): 95-XXX.
NP XXXXXXXXX, 'XXX Pros and XXXX XX Public vs. Private XXXXXXXXX.' XXXXXXXX March 1, 2019.https://XXX.npinstitute.com/public-XX-XXXXXXX-hospitals-s/XXXX.XXX
Yeşilada, XXXXX, XXX XXXX XXXXXXXXXX. "XXXXXX XXXX service XXXXXXX: X comparison of public XXX XXXXXXX XXXXXXXXX." XXXXXXX Journal XX business XXXXXXXXXX 4, no. 6 (2010): 962-971.
Productivity XXXXXXXXXX. "XXXXXX XXX private XXXXXXXXX." Productivity Commission, XXXXXXXXXX XX XXXXXXXXX XXXXXXXX XXXXXXX (XXXX).
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