Money is the lifeblood of any organization—for-profit, not-for-profit, or public. In most for-profit corporations, maximizing sales and profits, and returns to shareholders, is the primary objective. Many have criticized the healthcare industry for its growing fixation on profit maximization, claiming that health care should be treated as a “social good” rather than a “commercial good.”
● How can the leaders of healthcare organizations reconcile these two positions?
● How do high-level executives manage the tradeoffs between maintaining the fiscal solvency of their organizations and providing health care services to all who seek them?