Comparative Summary

In: Business and Management

Submitted By powerd100
Words 1106
Pages 5
Comparative Summary

HCS/577
November 23, 2015 SANDRA DI PIETRO

Today’s health care environment is in a state of flux. Many health care organizations are working hard to implement and deal with the new provisions established in the Affordable Care Act of 2010. The three financial environments must adjust the way they deliver health care services to accommodate these new provisions. For-profit organizations, not-for-profit organizations, and government organizations have to change many of their financial systems to operate in today’s health care industry. Throughout this paper I will explore three organizations from these different financial environments. Universal Health Services Incorporated is a for-profit health care organization that will be explored in detail. The Mayo clinic is a not-for-profit health care organization that will be discussed. The last health care organization is from the government environment and I will explore the U.S Department of Veteran Affairs. All of these health care organizations have different financial structures which will be explained throughout this paper. The policies and financial management of each organization will be explored to show how each financial environment is reflected within their respective organizations. Finally, I will describe why effective financial management is more difficult in health care than any other industry. The for-profit health care organization I will discuss is Universal Health Services incorporated. This health care organization is a hospital management company that operates 235 acute care, and behavioral health hospitals, along with ambulatory surgery centers. The financial structure of this organization is Allan Miller the chief executive officer, and Steve Filton is the chief financial officer. There are other various vice presidents of different operations areas as…...

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