Laptop Writing

Feeling overwhelmed with class Assignments? Let our experienced writers research and write as you concentrate on other issues.

100% Legit and confidential service

Homework Help Service

#Solved

health care administration 

(350–600 words), address the following prompts:
Discuss the primary differences between not-for-profit, public, and for-profit health care organizations.
Discuss the differences in the four key reports in financial reporting and how they are used differently in healthcare organizations.
Discuss who uses these financial statements, how they are different based on their structure, and their importance.

WHY Brainstormessays?

Lowest prices on the market

High quality papers free of plagiarism

Access to Peer-reviewed sources

Timely Delivery

Security, confidentiality and money back guarantee

Need help with a similar assignment?

Place your order now to receive high-quality, non-plagiarized paper written by a qualified writer in your area of study. Our writers have written about health care administration in the past and you too can have your custom paper written from scratch for the lowest price on the market. Our service is 100% secure and we promise to uphold confidentiality.

Experienced Writers

Brainstorm Essays offers you a unique platform to hire some of the best writers you can find online to help you tackle your assignments. Our writers are experienced owing to the many years of writing academic papers and more importantly, because they've written numerous papers about health care administration. Unlike other companies, however, we do not sell pre-written papers. Instead, every order is treated as a completely different order hence written from scratch. Not only does this practice eliminate incidences of plagiarism, but also promotes the delivery of unique content. So what are you waiting for? Hire our experienced writers to receive quality content for your assignment.  

Brainstorm Essays is one of the cheapest writing companies you can find online. For as low as $15 per page (No hidden charges), you can have your paper written to perfection and delivered on time. If you’ve visited other homework help companies before landing here, then you will agree that custom written papers attract exorbitant prices. For instance, getting your topic "health care administration" or a similar topic written by such companies may cost you up to $20 per page or even more depending on factors such as deadline and level of study. Choose our nursing writing service today and save more.

***Answer***
Important!

*** The solution below is a sample of our work and Should NOT be submitted as your original work.

If you need help with this topic and other future assignments, please Place your order here and let our experienced writers do the writing from scratch as you concentrate on other issues like work and family.

Our online homework help service is HIGHLY CONFIDENTIAL, AFFORDABLE, and we guarantee EXCELLENT, PLAGIARISM-FREE PAPERS***

Discuss the primary differences between not-for-profit, public, and for-profit health care organizations

The structure of healthcare organizations takes three main forms depending on the purpose. These are non-profit, for-profit, and public organization, which differs in taxation issues, funding, and business model. First, for-profit organizations and private healthcare institutions whose main aim is to make profits, and thus, operates a profit-driven culture (Herring et al., 2018). On the other hand, non-profit healthcare organizations do not make profits, and thus, are more focused on models that enhance access to care services by the community rather than business-oriented. Equally, public health care organizations are government-owned and operated whose major purpose is not on business, but to provide health services to the public. The second difference among the three entities is funding. For-profit organizations invest heavily in activities that give revenue, funded by investors, and charge high premiums to make profits (Herring et al., 2018). Non-profit organizations rely on donor funds, community and well-wishers, and minor investments. Finally, public health entities are majorly funded by the government. The tax structures of the three entities are also different where not-for-profit organizations are exempted from paying income and property tax (Herring et al., 2018). For-profit health care organizations, on the other hand, pay heavy taxes.

Discuss the differences in the four key reports in financial reporting and how they are used differently in healthcare organizations.

The first key financial reporting is the income statement. The statement looks at two factors, which are revenue and expenses over a particular period, for example, yearly or quarterly. The income statement balances the revenue with the expenses to determine whether a health care organization is making a profit or not (Donai, 2014). The income statement is used in health care to make strategic decisions such as increasing revenue or eliminating unnecessary costs to reduce expenses. Furthermore, for-profit health organizations are funded by investors, the income statement also includes earnings per share; the amount the shareholders would receive suppose the organization distributes the net earnings.

Why copy this essay when you can simply order quality, plagiarism-free paper, written from scratch by one of our experienced writers?

Click to Get a Quote

The second financial reporting tool is the statement of cash flow, which indicates how cash flows in and out of the organization. The difference of cash flow with the income statement is that it does not indicate whether a company has made profits, but whether it generated cash (Donai, 2014). The components of cash flow are operating activities, financing activities, and investing activities. The use of cash flow in health care organizations is to show whether the organization has cash for its operations. It also reveals a decrease or increase in cash flow. The balance sheet is the second financial indicator used in health care organizations. The balance sheet displays liabilities, shareholder’s equity, and assets (Skonieczny, 2012). Unlike the income statement and the cash flow, the balance sheet does not give the in and outflow, but simply lists the components. The assets need to balance with liabilities and shareholder’s equity hence the name. Companies use the balance sheet to know the position of their assets with reference to the liabilities.

The last element of the financial statement is the statement of changes in equity. The statement shows how the owner’s equity has moved over a period. The changes between different accounting periods are noted. The components of this element are the beginning equity balance, additions and subtractions, and the ending balance (Skonieczny, 2012). The importance of this tool is to show changes in retained earnings between two different balance sheets. It is important to healthcare organizations to show the effect of financial performance on interest.


Discuss who uses these financial statements, how they are different based on their structure, and their importance.

The financial parameters are used by various stakeholders including investors to determine the viability of an organization, as well as the communities. The structures of the four different elements of the financial statement, as noted differ from one to another, and thus, each uses different data to explain a different story.                                                                                                                                                                                                                                                              Healthcare organizations use different financial statement parameters to understand the position of the entity in terms of the ability to sustain its operations. Every healthcare organization whether profit-making or not need to have the adequate cash flow to finance its operations (Skonieczny, 2012). The organizations use the financial statements to evaluate the stability of the company and prospects for future sustainability. Additionally, profit-making healthcare organizations must evaluate whether they are making profits on the investments to meet investor demands (Donai, 2014). Since for-profit organizations are funded by investors, they are constantly under pressure to prove that the financial performance is commendable.

 

References

Donai, J. (2014). Practice Management. The Hearing Journal, 67(2), 26-28 doi: 10.1097/01.HJ.0000444139.39633.db.

Herring, B., Gaskin, D., Zare, H., & Anderson, G. (2018). Comparing the Value of Nonprofit Hospitals’ Tax Exemption to Their Community Benefits. Journal of Healthcare Organization Provision and Financing, 28. https://doi.org/10.1177/0046958017751970.

Skonieczny, M. (2012). The Basics of Understanding Financial Statements: Learn how to read financial statements by understanding the balance sheet, the income statement, and the cash flow statement. Investment Publishing.

Do you need help with your class assignments? We have a team of experienced academic writers on standby to assist. our services are highly confidential and we'll ensure you get quality, non-plagiarized papers within the shortest time possible.

ORDER NOW

Popular topicsHealth Technology, Introduction to Management, health care administration, Veterans Lack of Access to quality healthcare, Cross-Cultural Servanthood Book Review, Group Clinical Supervision, Evidence-Based Practice Change Process,  Assessing and treating patients with anxiety disorder, Christian Worldview- Georges Case Study, How human activities increased the spread of zoonotic diseases, Psychopharmalogical Approaches to Treat Psychopathology- Anxiety, Abdominal assessment, Choosing safety, Transformational Leadership, Catheter-Associated Urinary Tract Infection, Organizational setting, Financial Fraud, Controversy Associated With Dissociative Disorders, effective persuasive communication, Hiring a diverse community for community based policing