Economic Viability Policy Analysis: Operations

Economic Viability Policy Analysis Your name Subject and Section Professor’s Name August 2, 2019 While the primacy role of healthcare companies is to provide an excellent and timely service for its patients, it is apparent that it also needs to be economically viable to maintain its operations and generate revenues for itself. Also economic viability is indeed important in order for the organization to maintain and implement both national and organizational policies. One example of an organization that is economically viable is Mayo Clinic. Despite its categorization as a ‘non-profit healthcare organization’, the organization is able to generate revenues from both grants and donations given by private and public institutions as well as returns from the organization’s investments. In fact in 2016, the organization reported “contributions of $466 million to its pension plan for staff and more than $600 million in capital projects” CITATION Lin17 \l 1033 (Lindquist, 2017). Accordingly, the number of grants given to it as well as its ability to generate revenues for itself, Mayo Clinic is able to cater to more ...