HCISPP · Question #179
This type of hospital is privately owned.
The correct answer is A. For Profit. For-profit hospitals are privately owned by investors, shareholders, or corporations with the primary goal of generating revenue and returning profits to their owners - making option A correct. Option B (Not for Profit) is incorrect because not-for-profit hospitals, while they…
Question
This type of hospital is privately owned.
Options
- AFor Profit
- BNot for Profit
How the community answered
(35 responses)- A91% (32)
- B9% (3)
Explanation
For-profit hospitals are privately owned by investors, shareholders, or corporations with the primary goal of generating revenue and returning profits to their owners - making option A correct.
Option B (Not for Profit) is incorrect because not-for-profit hospitals, while they may also be privately operated, are owned by nonprofit organizations (often religious or community-based) and must reinvest any surplus revenue back into the hospital rather than distributing it to owners or shareholders.
Memory tip: Think of it this way - "For Profit = For an Owner." If someone profits from the hospital, they own it as a private business investment. Not-for-profit = no private owner pocketing the gains.
Topics
Community Discussion
No community discussion yet for this question.