Non-profit hospital
Non-profit Hospital
A Non-profit hospital (pronunciation: /nɒnˈprɒfɪt ˈhɒspɪtəl/) is a type of hospital that is organized as a non-profit corporation.
Etymology
The term "non-profit hospital" is derived from the English words "non-profit", meaning not making or conducted primarily to make a profit, and "hospital", a place where sick or injured people are given medical or surgical care.
Definition
Non-profit hospitals are typically funded by charitable, religious, or government sources. Unlike for-profit hospitals, they do not distribute profits to shareholders, but reinvest them back into the hospital to improve facilities, equipment, and services. They are often exempt from certain taxes in exchange for providing community benefits such as charity care and medical education.
Related Terms
- Charity care: Free or discounted healthcare provided to patients who cannot afford to pay.
- Community benefits: Services or activities that provide treatment or promote health and healing in response to identified community needs.
- For-profit hospital: A hospital that is owned by a private entity and operates to make a profit.
- Government hospital: A hospital funded by the government, typically providing care for low-income, elderly, or disabled individuals.
- Medical education: The education related to the practice of being a medical practitioner, either the initial training or additional training thereafter.
See Also
External links
- Medical encyclopedia article on Non-profit hospital
- Wikipedia's article - Non-profit hospital
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