Document Type
Article
Publication Date
2016
Abstract
Nursing home residents across the Unites States rely on quality care and effective services. Nursing homes provide skilled nurses and nursing aides who can provide services 24 hours a day for individuals that could not perform these tasks for themselves. Not-for-Profit (NFP) versus For-Profit (FP) nursing homes have been examined for utilization and efficacy, however, it has been shown that NFP nursing homes generally offer higher quality care and greater profit margins compared to FP nursing homes. The purpose of this research was to determine if NFP nursing homes provide enhanced quality care and a larger profit margin compared to FP nursing homes. Benefits and barriers in regards to financial stability and quality of care exist for both FP and NFP homes. Based on the findings of this review, it was suggested that NFP nursing homes have achieved higher quality of care due to a more effective balance of business aspects, as well as prioritizing resident well-being, and care quality over profit maximization in NFP homes.
Recommended Citation
Paul III, DP., Godby T., Saldanha S., Valle J. & Coustasse, A. (2016, April). Quality of care and profitability in not-for-profit versus for-profit nursing homes. In J. Sanchez (Ed.), Proceedings of the Business and Health Administration Association Annual Conference, Chicago, IL.
Included in
Business Administration, Management, and Operations Commons, Health and Medical Administration Commons
Comments
TRACK: HEALTH ECONOMICS. Presented in the Health Economics track. Copyright © 2016 Business and Health Administration Association. Reprinted with permission. All rights reserved. A supplement to the conference paper is included. The supplement’s citation is: Godby T., Saldanha S. & Valle J. (2016, April). Quality of care and profitability in non-profit versus for profit nursing homes. PowerPoint presentation at the Business and Health Administration Association Annual Conference, Chicago, IL.
Proceedings Copyright © 2016 Business and Health Administration Association. Slide presentation Copyright © 2016 The Authors. Reprinted with permission. All rights reserved.