University of Miami Midcare as a For Profit or Non Profit Facility Discussion

MIDCARE should be sold. MIDCARE is currently a non-profit healthcare facility. As a non-profit healthcare facility, MIDCARE is currently viewed as a charitable organization, which means that the facility is not required to “pay federal income or state and local property taxes (“Profit”, 2020). As a for-profit healthcare facility, MIDCARE would then be owned by investors and stakeholders, presumably the ones who made the winning bids (“Profit”, 2020). As a current non-profit, MIDCARE provides uncompensated care to its patients and the community in which it serves. By being sold and becoming a for-profit, however, MIDCARE could then serve higher levels of low-income, uninsured, and under-insured patients and communities (“Profit”, 2020). This would occur in conjunction with MIDCARE, as being a for-profit, trading more resources and financial means for greater rates of advertisement and higher levels of marketing, thus reaching more patients and communities (“Profit”, 2020). As a for profit hospital, MIDCARE would also then be eligible for and capable of obtaining the highest quality equipment with the latest technological advancements at a quicker rate than it would as a non-profit. One negative to this, however, would be the fact that as a for-profit that is eligible for serving more low-income, uninsured, or under-insured patients, MIDCARE would then have these technological advancements and latest marketing techniques be wasted on patients who, perhaps, cannot afford them or do not care about them. Ultimately, with the addition of a non-profit healthcare facility after MIDCARE develops into a for-profit healthcare facility, then, ideally, all communities and patients would be capable of receiving the high-quality care that they need and want. respond in (175 words)