Quality of Care and Profitability in Not-For-Profit Versus For-Profit Nursing HomesManagement Faculty Research
AbstractNursing home residents across the Unites States rely on quality care and effective services. Nursing homes provide skilled nurses and nursing aides who can provide services 24 hours a day for individuals that could not perform these tasks for themselves. Not-for-Profit (NFP) versus For-Profit (FP) nursing homes have been examined for utilization and efficacy, however, it has been shown that NFP nursing homes generally offer higher quality care and greater profit margins compared to FP nursing homes. The purpose of this research was to determine if NFP nursing homes provide enhanced quality care and a larger profit margin compared to FP nursing homes. Benefits and barriers in regards to financial stability and quality of care exist for both FP and NFP homes. Based on the findings of this review, it was suggested that NFP nursing homes have achieved higher quality of care due to a more effective balance of business aspects, as well as prioritizing resident well-being, and care quality over profit maximization in NFP homes.
Citation InformationPaul III, DP., Godby T., Saldanha S., Valle J. & Coustasse, A. (2016, April). Quality of care and profitability in not-for-profit versus for-profit nursing homes. In J. Sanchez (Ed.), Proceedings of the Business and Health Administration Association Annual Conference, Chicago, IL.