Question

In: Accounting

what are the main differences between private and public hospitals

what are the main differences between private and public hospitals

Solutions

Expert Solution

Main differences between private and public hospitals

  • The main difference between a private hospital and a public hospital is the ownership. A private hospital is one which is owned and governed by a person or many people who are managing the whole finances on their own. On the other hand, a public hospital is completely and entirely run on the government's funding and money.
  • The fees of a private hospital are higher than that of a public hospital. Generally, most of the time public hospitals offer their services free of charge or for reduced rates.
  • In a public hospital, since the services are mostly free, waiting time is longer whereas in a private hospital, waiting time is less.
  • Since private hospitals are a kind of business they earn a profit like any other business. Government operate public hospitals for the health of their people, and not to earn a profit.

Thus all the above mentioned points are some of the main differences between private and public hospitals.


Related Solutions

What are the main differences between public cost benefit analysis and private investment analysis? How are...
What are the main differences between public cost benefit analysis and private investment analysis? How are bogus costs and benefits more of a problem for public costbenefit analysis but not for private investment analysis? Provide a couple of real world examples reported in journal articles, news stories and government reports.
Explain the main aspects that characterize public sector entities and discuss the main differences between private...
Explain the main aspects that characterize public sector entities and discuss the main differences between private and public sector accounting.
1. What are the differences between public and private accounting 2. What are the differences between...
1. What are the differences between public and private accounting 2. What are the differences between the CPA and the CMA certifications? 3. What are the differences between financial accounting and managerial accounting?
Define and differentiate between public, private,nonprofit and private, for-profit organizations. What are the key differences
Define and differentiate between public, private,nonprofit and private, for-profit organizations. What are the key differences
Know the main players and the impact of the public vs private sector differences
Know the main players and the impact of the public vs private sector differences
What are the main differences between social and private insurance? Discuss the pros and cons of...
What are the main differences between social and private insurance? Discuss the pros and cons of each.
What are the main differences between social and private insurance? Discuss the pros and cons of...
What are the main differences between social and private insurance? Discuss the pros and cons of each
WHAT ARE THE DIFFERENCES BETWEEN PUBLIC KEYS AND PRIVATE KEYS IN TERMS OF ENCRYPTION METHODS AND...
WHAT ARE THE DIFFERENCES BETWEEN PUBLIC KEYS AND PRIVATE KEYS IN TERMS OF ENCRYPTION METHODS AND BITS WISE UNDERSTANDING?
What are some of the differences between investing in a startup (private company) versus a public...
What are some of the differences between investing in a startup (private company) versus a public company?
What are all the differences between Public Sector and Private sector organizations in terms of finance,...
What are all the differences between Public Sector and Private sector organizations in terms of finance, control, structure, and objectives?, and how do both private and public sector tourism related organizations contribute to the macro economy? At least 200 words, please. I need this answered as soon as possible. Thanks in advance!
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT