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slides7 - Facts Why do non-profits exist Do non-profits...

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Facts Why do non-profits exist? Do non-profits provide higher quality care? Supply of health care – Non-profits Angela Fertig Spring 2010 Angela Fertig Supply of health care – Non-profits
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Facts Why do non-profits exist? Do non-profits provide higher quality care? What is a non-profit? Non-profit firms have 3 characteristics that make them different from for-profit firms: I nondistribution: no one has a legal claim on the difference between revenues and costs I exempt from taxes (corporate income, property, sales) I donations are tax-exempt Angela Fertig Supply of health care – Non-profits
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Facts Why do non-profits exist? Do non-profits provide higher quality care? Structure of a non-profit 3 parties with decision-making authority I trustees (instead of shareholders) I hospital administrator/manager/CEO I physician staff Angela Fertig Supply of health care – Non-profits
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Facts Why do non-profits exist? Do non-profits provide higher quality care? Revenue Sources I donations I issuing bonds (can’t issue equity stock) I sale of goods and services Angela Fertig Supply of health care – Non-profits
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Facts Why do non-profits exist? Do non-profits provide higher quality care? Statistics The following are non-profit: I 60% of community hospitals I 70% of beds I 30% of nursing home care I 50% of inpatient specialty mental health care I 50% of substance abuse treatment I 5% of GDP Angela Fertig Supply of health care – Non-profits
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Facts Why do non-profits exist? Do non-profits provide higher quality care? Question Is Athens Regional Medical Center a non-profit hospital? Is St. Marys Hospital a non-profit hospital? Angela Fertig Supply of health care – Non-profits
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Facts Why do non-profits exist? Do non-profits provide higher quality care? 3 theories about why non-profits exist I Weisbrod : To fill gap that government can’t in cases of market failure I Hansmann : To fill gap when for-profit firm would result in contract failure I Bays
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