What Is Not-For-Profit Healthcare?
At a not-for-profit healthcare provider, any money made from performing medical services is used as necessary funding for programs that benefit the community around the care provider. The money is not used for shareholder profit. In addition, a not-for-profit healthcare facility may charge lower fees or on a sliding scale. The medical healthcare industry is typically supported by shareholders and corporations. Medical corporations and entities supported by shareholders or owners aim to turn profits on medical services provided by private physicians, especially in cases where the procedures are expensive or long term. These for-profit hospitals or facilities also often have policies that give incentive to care providers to deny care to those in non-emergency situations who do not have any type of medical or health insurance, out of fear the client will not be able to pay the rates he or she has been charged for the care.
