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Organization of a Healthcare Facility

In: Business and Management

Submitted By luvforlife83
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Determine whether you would incorporate and state the advantages and disadvantages of doing so. Running a health care organization should involve many people. Incorporating a vast number of multi-disciplinary specialists is required for the organization to be managed appropriately. This is helpful as it ensures that the facility has enough people with different levels of expertise and all medical fields are properly furnished with adequate personnel. This also helps patients know the health care services provided are of high quality. The additional skills and expertise is not only an asset to patients, but to the community and the organization due to being able to offer knowledge that is helpful and important in managing the health care organization. The partnerships of different health care specialist that are created within the facility encourages better use of resources and promotes higher levels of organizational excellence. (Shortel & Kalunzy, 1997) Based on the facility being multi-specialty it cannot be a sole proprietorship. A partnership exists if someone joins the proprietor and sharks in the rewards and risks. The simplest kind of partnership is a general partnership. In this arrangement the partners usually receive equal shares of profits or losses, are entitled to equal voting rights, and are personally liable for the debts of the venture (Showalter, 2012) Deciding to incorporate a medical facility can be tough. The first factor is whether you want limited liability, which is the primary benefit of forming a medical corporation. Next you determine the costs of forming and maintaining a medical corporation. Then you delve into the tax advantages and disadvantages of forming a corporation. Last, you weigh the factors and make a decision (Dickstein). Limited liability is a big factor to incorporate. A sole physician is liable for everything…...

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