Question
In regards to for-profit and not-for-profit healthcare organizations. It has been said that no one should make a profit from the suffering of others, implying
In regards to for-profit and not-for-profit healthcare organizations. It has been said that no one should make a profit from the suffering of others, implying that there is a moral or ethical issue that is inherent in the practice of medicine on a for-profit basis. What do you think? As you consider this question, ponder the following facts:
In 2010 according to Forbes magazine, the median profit margin of all US hospitals >200 beds was -.7%. Compare that margin to the most profitable hospital in the US, a facility in Alabama that is owned and operated by Community Health Systems, whose profit margin is 53% (also according to Forbes magazine).
Now, discuss this question: How does one facility (or any facility) generate that much profit when the national median profit margin is actually in the red?
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