For-profit hospital

A For-profit hospital (pronunciation: /fɔːrˈprɒfɪt ˈhɒspɪtəl/) is a hospital that is owned and operated by a profit-making company or a corporation. These hospitals are different from non-profit hospitals and public hospitals in that they are primarily driven by the motive of making profits.

Etymology

The term "For-profit hospital" is derived from the English words "for", "profit", and "hospital". "For" is a preposition used to indicate purpose or intended goal, "profit" is a financial gain, and "hospital" is an institution providing medical and surgical treatment and nursing care for sick or injured people.

Related Terms

Non-profit hospital: A hospital that is organized as a non-profit corporation. Unlike for-profit hospitals, these hospitals do not distribute profits to shareholders but reinvest them in the hospital.
Public hospital: A hospital which is owned by a government and receives government funding. This type of hospital provides service to patients free of charge or at a nominal fee.
Private hospital: A hospital that is owned by a private entity, either a for-profit corporation or a non-profit organization.
Healthcare system: The organization of people, institutions, and resources to deliver healthcare services to meet the health needs of target populations.
Healthcare industry: The range of companies and non-profit organizations that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.