Hi Susan - The Alliance for Advancing Non-Profit Healthcare puts the differences this way:
The overriding purpose of nonprofit health care organizations is to "do good" for the benefit of their communities. Unlike investor-owned organizations, which are economically driven and legally obligated to do well financially for their owners, with profits primary, nonprofit health care organizations are obligated along with government at all levels to meet society’s needs for medical education and research and to advocate for and meet the needs of the most vulnerable members of their communities. Profits of nonprofit health care organizations do not inure to the benefit of individuals and, while necessary over the long run, are secondary.
You can find more information here:
http://www.nonprofithealthcare.org/
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Hi Susan - The Alliance for Advancing Non-Profit Healthcare puts the differences this way:
The overriding purpose of nonprofit health care organizations is to "do good" for the benefit of their communities. Unlike investor-owned organizations, which are economically driven and legally obligated to do well financially for their owners, with profits primary, nonprofit health care organizations are obligated along with government at all levels to meet society’s needs for medical education and research and to advocate for and meet the needs of the most vulnerable members of their communities. Profits of nonprofit health care organizations do not inure to the benefit of individuals and, while necessary over the long run, are secondary.
You can find more information here:
January 27, 2011 - 1:05pmhttp://www.nonprofithealthcare.org/
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