NOT FOR PROFIT HOSPITAL

[et_pb_section fb_built="1" specialty="on" _builder_version="4.9.3" _module_preset="default" custom_padding="0px|0px|0px|||"][et_pb_column type="3_4" specialty_columns="3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_row_inner _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px|false|false" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|tablet" custom_padding="28px|||||"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_text _builder_version="4.9.3" _module_preset="default" hover_enabled="0" sticky_enabled="0"]

QUESTION

NOT FOR PROFIT HOSPITAL  

Instructions
1. Review the rubric to make sure you understand the criteria for earning your grade.
2. Utilizing the textbook readings, workshop devotional, and your own online research, find another program (other than 340B) that hospitals are using to show that they are meeting the community support needed to justify their not-for-profit status.
3. In a four-page Word document, not including the title page and the reference page, answer the following questions:
a. Discuss what needs this particular program provides to the community. What is the overall impact financially to the communities being served, and is this program and the savings justified in your opinion?
b. Discuss whether or not it is fair for not-for-profit hospitals to count these types of programs as community benefits to help them maintain their tax-exempt status.
c. How would you identify opportunities for improvement in assuring the fairness and financial impact for not-for-profit and for-profit hospitals?
4. In the paper, be sure to:
a. Analyze the program that you identified and its financial impacts on the community.
b. Evaluate the financial impact of giving tax-exempt status for not-for-profits on the communities they serve.
c. Compare and contrast the viewpoints of not-for-profits and for-profits.
d. Apply biblical principles found in the workshop devotional.
e. Defend your position, citing any research and evidence to support your arguments.
5. Your paper should include at least three sources from the textbook, articles, or other credible sources. Your citations must be in proper APA format.
6. When you have completed your assignment, save a copy for yourself, and submit a copy to your instructor using the Assignment submission page by the end of the workshop.

TEXTBOOK:
ESSENTIAL OF HEALTHCARE FINANCE (8th ed.) BY
WILLIAM O. CLEVERLEY AND JAMES O. CLEVERLEY.

 

 

[/et_pb_text][et_pb_text _builder_version="4.9.3" _module_preset="default" width_tablet="" width_phone="100%" width_last_edited="on|phone" max_width="100%"]

 

 

Subject Nursing Pages 5 Style APA
[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner module_class="the_answer" _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px|false|false" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|tablet"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_text _builder_version="4.9.3" _module_preset="default" width="100%" custom_margin="||||false|false" custom_margin_tablet="|0px|||false|false" custom_margin_phone="" custom_margin_last_edited="on|desktop"]

Answer

 

  • Not For Profit Hospital

                Not for profit hospitals play critical role in the health and welfare of millions of Americans and constitute a significant percentage of the American economy. The tax exemption that these organization continue to receive have grown considerably. Notably, to remain tax-exempt, healthcare organizations are required to meet all the requirements of the Internal Revenue Service’s community benefit standard that grants these organizations hospitals tax exemption in exchange for engaging in activities that foster health to benefit the entire community. A major area that is regarded a community benefit is the 340B drug savings programs that was implemented to assists hospitals that serve vulnerable communities. Therefore, this paper highlights specific needs that 340B drug savings provides to the community, as well as, its overall impact financially to the communities being. Moreover, it discusses whether or not it is reasonable for not-for-profit hospitals to 340B drug savings as community benefit to assist them maintain their tax-exempt. Lastly, it describes ways of identifying opportunities for improvement in assuring the fairness and financial effect for not-for profit and for profit hospitals.

    Specific Needs That 340B Drug Savings Provides To the Community

                 Improving the health of communities is the major mission of every healthcare organization. Moreover, patients is the key reason for everything that takes place within the healthcare industry. The Universal Health (UH) systems follows its mission of healing, teaching and discovering. A critical component of the UH system’s healing mission is to assist patients get the treatments they require. The 340B drug savings contribute significantly to assist universal health system achieve its mission and goals. The program helps not for profit hospitals to offer healthcare services to vulnerable communities. Intuitively, the benefits from the 340B drug savings has allowed not for profit hospitals and universal health system to enhance patients’ access to prescription of medicines and support key services for patients with low incomes (Dr. Siegel, 2015). Similarly, the universal health system is utilize the benefits of the 340B program to use clinical pharmacists in specialty clinics and primary care that treat serious and critical diseases. Clinical pharmacists assist healthcare providers to educate communities and assist patients in these communities to look of the required resources for their treatment. Moreover, the 340B drug savings has enabled not for profit hospitals and other healthcare organizations to offer additional services to their communities such as home delivery and courier services, as well as meds to beds programs.

                Notably, 340B has myriad of impacts financially to the communities being served. Precisely, the program has allocated more funds to support the communities’ and hospitals’ charity foundations (340B Health, 2018). Because of the savings from the 340B program, the universal systems has managed to offer lifesaving treatments and necessary services to millions of uninsured and low income members of the communities. Moreover, the 340B program has supported not for profit hospitals to offer discounted prices for costly outpatient medications, as well as, other services including free home visits, phone consultations, vaccinations, transportation and chronic disease management programs. 

                Intuitively, the 340B drug savings is justified because it plays a critical role in supporting our health care safety net. These designated hospitals, especially not for profit hospitals, clinics and other healthcare providers work with the scarce resources to deal with the most stubborn health challenges facing millions of people across the world and American in particular. The justification of 340B drug savings program is based on the fact that the program assists not for profit hospitals and other healthcare providers to stretch limited federal resources by enabling eligible entities to buy drugs for outpatients use at a considerable discount. Tribble (2017) reported that hospitals and organizations participating in the 340B program can increase the volume and type of care they offer to the patients within the most vulnerable communities due to the access of these cheap cost medications.

                  Tribble (2017) noted that it is fair for profit hospitals to count on programs such as 340B drug as community benefit to assist them maintain their tax exempt status. The reasoning is that hospitals and health systems of various forms and sizes strive to provide variety of benefits aimed at fulfilling the needs of their diverse communities.  This implies that 340B drug savings program enables such organizations to provide their communities with myriad of essential programs and services that otherwise would not be available. Moreover, the savings from 340B discounts are a critical source of support for thousands of community services and benefits and accrue directly from discounts on prescription drug as opposed to the funds given by the government.

                However, the eligibility for 340B program is well designed in the 340B statute. Non-hospital 340B hospitals are often eligible when they receive at least one of the ten forms of federal grants that offer resources for healthcare for low income communities or uninsured individuals. However, recent studies have indicated that not for profit hospitals and for profit hospitals are often not demanded to demonstrate that hey offer services to uninsured patients or plough back resources into services on the behalf of such patients under the 340B program (Siegel, 2015). Instead such entities qualify for 340B program based on their resources they have or attract. Moreover, the present eligibility criteria has enabled most not for profit and for profit hospitals to qualify despite the fact that they may not serve a good number of vulnerable and uninsured members of the communities. Moreover, these entities may not offer a considerable amounts of charity care. Therefore, it is unfair for not for profit hospitals to count on programs such as 340B as community benefits to assist them maintain their tax exempt status. As already discussed, these organizations offer a level of charity care that is quite below the hospital patient costs.

                In conclusion, the 340B drug savings program was aimed at supporting access to outpatient medicines to vulnerable or uninsured patients. The design of the program enable the eligible provides, especially not for profit hospitals to benefit from sharply discounted prices in return to supporting vulnerable patient populations. From the discussion presented in this paper, it is evident that the present eligibility criteria for not for profit hospitals has made most of such entities to participate in the 340B program notwithstanding the fact that a growing share of these entities  offer least levels of charity care. As such, it is unfair for profit hospitals to count on programs such as 340B drug as community benefit to assist them maintain their tax exempt status. Therefore, to foster well-functioning of 340B program established at supporting access for vulnerable patients, there is need to reconsider the eligibility criteria for not for profit hospitals and for profit hospitals across the US.

     

     

     

     

     

     

References

[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px|false|false" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|desktop" custom_padding="60px||6px|||"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_text _builder_version="4.9.3" _module_preset="default" min_height="34px" custom_margin="||4px|1px||"]

Related Samples

[/et_pb_text][et_pb_divider color="#E02B20" divider_weight="2px" _builder_version="4.9.3" _module_preset="default" width="10%" module_alignment="center" custom_margin="|||349px||"][/et_pb_divider][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner use_custom_gutter="on" _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px||" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|tablet" custom_padding="13px||16px|0px|false|false"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_blog fullwidth="off" post_type="project" posts_number="5" excerpt_length="26" show_more="on" show_pagination="off" _builder_version="4.9.3" _module_preset="default" header_font="|600|||||||" read_more_font="|600|||||||" read_more_text_color="#e02b20" width="100%" custom_padding="|||0px|false|false" border_radii="on|5px|5px|5px|5px" border_width_all="2px" box_shadow_style="preset1"][/et_pb_blog][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type="1_4" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_sidebar orientation="right" area="sidebar-1" _builder_version="4.9.3" _module_preset="default" custom_margin="|-3px||||"][/et_pb_sidebar][/et_pb_column][/et_pb_section]