Comparative Analysis of Hospitals

Comparative Analysis of Hospitals

Introduction

The research report is aimed at comparing the two non-profit organizations that are serving many patients across the country. The two hospitals chosen for developing the research report are: Frisbie Memorial Hospital and Morton Plant Hospital, Clearwater Inc. The financial analysis of these two hospitals will be done by considering the financing regulations that are followed by each hospital in their city or state. The report will also compare the financials and facilities provided by the two hospitals and on the basis of the analysis it will draw its conclusion about the position of each hospital. The analysis will also help in recommending, that which hospital is performing better among the two hospitals.

Discussion

The two hospitals chosen are Frisbie Memorial and Morton Plant Hospitals. The Frisbie Memorial Hospital roots were planted in the Lilac City and currently it is located on the Whitehall Road in Rochester in United States of America. On the other hand The Morton Hospital is located in the city of Clearwater in the state of Florida. Both the hospitals are serving the communities in which they are operating and both are non-profit organizations.

The rules and regulation financing bill passed by the Florida State in 2012 was aimed at making Florida the healthiest city of United States of America. The regulations were passed in order to ensure that best quality of health facility is provided to the public at a very reasonable cost. The regulations have address different financing and services issues related to the two hospitals. The regulations ensured that in order to run the hospitals government will provide some kind of subsidiary in order to keep its control over the hospitals running in different states. This legislation was included due to the increase in the recent medical healthcare prices and people were unable to get better healthcare facilities at reasonable prices. Thus the government made legislation that insurance and prices of the drugs will be decided by the government so that everyone gets quality healthcare facilities. The Florida State also passed regulations in order to ensure that the amount of fraud is reduced and thus the method certification, license approval is made difficult. The Florida State rules and regulations also ensured that a certain amount of finance will be required by the hospitals that is less leverage. On the basis of sources of capital hospitals should be provided the license to operate because during the last five years many hospitals were unable to run their operations due to financial crisis in America and were forced to shut down. (www.baycare.org/financial-assistance-policy)

Each of the above stated hospital is able to fulfill the required rules and regulations and this is the reason that there able to run these hospitals for more than 20 years now. The first is the Frisbie Memorial Hospital is one of the oldest hospitals in United States of America. The hospital is currently providing all kinds of healthcare facilities with the help of latest diagnostic and surgical treatment ...