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School

Harvard University *

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356

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Health Science

Date

Nov 24, 2024

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docx

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Uploaded by SuperHumanFieldPrairieDog27

1 Name HUMN-4200 RCP Proposal Date Page number In the current healthcare landscape, drawing meaningful comparisons between for-profit and non-profit organizations poses challenges. Regrettably, some doctors and hospitals prioritize profits over patient welfare. While for-profit entities can leverage tax benefits and insurance subsidies, non-profits heavily depend on public funding. Even with certain tax exemptions, the effective tax rate significantly influences a business's financial inflow (Finkler et al., 2021). To expand, modernize, and deliver outstanding care, the healthcare system requires increased funding. Achieving these goals is unattainable without substantial financial support. Non-profit facilities consistently prioritize patients' health. The economic downturn has led many companies to slash prices drastically. Employee interests often take a backseat to shareholder priorities, causing concern among investors with competing agendas (Granof et al., 2021). Public donations play a vital role in sustaining non-profit organizations. Increased profits may result from internal legal departments in the healthcare industry. Groups, in their lobbying efforts, should explore every legal avenue at their disposal. Both public and private hospitals share an obligation to enhance patient care and medical knowledge. Healthcare facilities prioritizing monetary gains over patients may struggle to attract skilled applicants. Implementing regulations that cap participant numbers and ensure equitable

2 resource allocation can contribute to long-term business success. Opinions vary widely on the optimal allocation of time and energy to marketing and client acquisition. Countries enacting legislation with the explicit goal of boosting corporate profits warrant scrutiny. Small businesses often place significant emphasis on client satisfaction. Weighing the pros and cons of available job opportunities is not always straightforward. The benefits of altruistic giving outweigh self-conservation. Although a compelling case exists for companies to invest in IT developments, this is often not put into practice. Investors are growing increasingly uneasy as healthcare costs rise. The prompt identification of a qualified donor is critical to prevent delays in transplant procedures. Thorough documentation of nursing procedures is essential for effective risk management. Crisis management efforts have resulted in a decrease in misdiagnoses, patient complaints, and disputes with insurance companies. Nurses may be required to regularly review and update patient records. References Finkler, S. A., Smith, D. L., & Calabrese, T. D. (2018). Financial management for public, health, and not-for-profit organizations . CQ Press. Granof, M. H., Khumawala, S. B., & Calabrese, T. D. (2021). Government and not-for-profit accounting: Concepts and practices . John Wiley & Sons.

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