I am a member of the steering committee planning to open a new hospital in a small town located 30 miles from a university that conducts medical research. When the hospital opens, I will assume the role of CEO. At this point, the steering committee has tasked me with assessing and recommending whether to incorporate the hospital as a for-profit or non-profit structure.

Explore the differences between for-profit and non-profit structures and prepare a recommendation that could be given to the steering committee.

Include the following in your report:

A discussion of the payment models, expected financial health, and potential quality of care if incorporating this new hospital using a for-profit capital structure.

A discussion of the payment models, expected financial health, and potential quality of care if incorporating this new hospital using a non-profit capital structure.

A discussion of how stakeholder concerns may influence the preferred structure.

A discussion of the influence of potential competition.

the recommendation and rationale to the steering committee regarding whether to incorporate the hospital as a for-profit or non-profit structure. Be sure to include a direct statement that begins, "I recommend..."

please include reference