The identification of nonprofit and for profits can be identified by different classifications. The organizations operate by the same rules and regulations, but differentiate by tax exemptions and the utilization of profit margins. In conducting an analysis on one provider from both for profit and nonprofit, I chose the Community Health Systems and Kaiser Permanente. Both organizations are at the larger end of the spectrum in their respective business classification. Each organizational foundation presents strengths and weaknesses from a patient, provider, administrator and third party payer’s perspective. In identifying the weaknesses there is opportunity for improvement from both providers identified. Some of the main identified strengths
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Kaiser Permanente is based out of Oakland, California founded by famous industrialist Henry J Kaiser and Sidney Garfield. The organization is made up of 3 subsidiaries Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, and the Permanente Medical group making up one of the first largest integrated care consortiums. Kaiser Permanente is strongly union based established early on from Henry J. Kaiser expressing the importance in better wages, pensions, and affordable health care. The Kaiser Foundation Health Plan and Hospitals are known as one of the biggest nonprofit organizations in the United States; if ranked as a fortune 500 company they would be listed around number 54 right next to Walt Disney. Financially Kaiser Permanente produced 60.7 billion in revenue with an operating surplus right around 1.8 …show more content…
This strategic plan in 2015 led to a gain of 650,000 members. Kaiser is estimated to have around a total of 9.6 million health care members. The organization operates in 9 different including the District of Columbia As a whole Kaiser Permanente operates 38 hospitals, 618 medical offices, and with a total of 174,259 employees. This was a contradicting approach to many other providers who were simultaneously raising their rates such as community health. Kaiser is currently well known for the online computerized medical record system known as KP HealthConnect. Kaiser holistically overall invested 2.2 billion in the community where 214.9 million were in grants and donations followed by community health initiatives, safety-net clinics/hospitals, community funded research all ranging around 40 million in individual
Kaiser Permanente is based out of Oakland, California founded by famous industrialist Henry J Kaiser and Sidney Garfield. The organization is made up of 3 subsidiaries Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, and the Permanente Medical group making up one of the first largest integrated care consortiums. Kaiser Permanente is strongly union based established early on from Henry J. Kaiser expressing the importance in better wages, pensions, and affordable health care. The Kaiser Foundation Health Plan and Hospitals are known as one of the biggest nonprofit organizations in the United States; if ranked as a fortune 500 company they would be listed around number 54 right next to Walt Disney. Financially Kaiser Permanente produced 60.7 billion in revenue with an operating surplus right around 1.8 …show more content…
This strategic plan in 2015 led to a gain of 650,000 members. Kaiser is estimated to have around a total of 9.6 million health care members. The organization operates in 9 different including the District of Columbia As a whole Kaiser Permanente operates 38 hospitals, 618 medical offices, and with a total of 174,259 employees. This was a contradicting approach to many other providers who were simultaneously raising their rates such as community health. Kaiser is currently well known for the online computerized medical record system known as KP HealthConnect. Kaiser holistically overall invested 2.2 billion in the community where 214.9 million were in grants and donations followed by community health initiatives, safety-net clinics/hospitals, community funded research all ranging around 40 million in individual