The MD Anderson Cancer Center Organization and Revenues
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The MD Anderson Cancer Center Organization and Revenues
The Monroe Dunaway Anderson Cancer Center at the University of Texas works on its establishment aim of eradicating cancers and providing support programs to integrate care of the patient, research, and prevention (Burke, Rodriguez, & Walters, 2013). The center provides training on cancer for professionals, students and the public, encouraging research-driven patient care to ensure the provision of appropriate care based on accountability and teamwork. The commitment of the center is to services, education, research and training on cancer patient care and is outstanding in the provision of its services from the time of its creation (Burke, Rodriguez, & Walters, 2013). MD Center programs have expanded nationwide and concentrate on the global cancer prevention and treatment.
The fact that Anderson Center provided uncompensated to patients to encourage its preventive practices and eliminate cancer and related deaths is a point that justifies it as a not for profit (Gandhi, 2012). The center gets its funding from care for the patients, grants, investment income and state appropriations. The IRS dictates that for an organization to fit as not for profit, they have to be public charities or foundations operating privately for public interest with funding from the government, donations, and the public. Health organizations with policies and activities that commit to minimizing healthcare burden qualifies for the exemption under the law (Irs.gov, 2015). Anderson Center undertakes to eradicate and reduce cancer at the national and global level through its different initiatives.
MD Anderson Cancer Center management is under a nonprofit structure and is operated and managed by unrelated people. The center continuously receives funding from the government and the major donor, which is a charitable organization among other sources. The MD Anderson on its part provides funding for research in the areas of cancer, which it receives from funders and those generated internally (Burke, Rodriguez, & Walters, 2013). Therefore, the revenue generated by the Anderson cancer center is evidently not going to an individual’s pocket but supports related programs and fund services (Gandhi, 2012). It also provides for collaboration and partnerships with other similar organizations with an expanded global focus, facilitated through its global programs.
MD Anderson Cancer Centre Revenues and Revenue Sources
The Anderson Center gets its revenues from the government and the donors majorly and from the public in the form of tax deductibles (Irs.gov, 2015). The primary donor of the MD Center is the Anderson Foundation, which is a charitable organization. The state of Texas through revenue appropriation also supports the cancer center and its program as an institution committed to lowering disease burden and benefiting the public (Burke, Rodriguez, & Walters, 2013). The Anderson Center can receive funding directed to different programs at its various sub-centers that may arise from both the public and private sources. The other source of fund is the revenue it generates from the care of patients which is channeled back to support the services within the institution.
Since the Center is an outstanding cancer center in the United States, MD Anderson attracts funding from authorities such as the Federal government, the state and the local governments every fiscal year. The funds from the government agencies may be for specific programs funding, general funding or reimbursement for services offered to the public (Burke, Rodriguez, & Walters, 2013). Other public and private institutions and businesses are not out in supporting the activities and the programs of the institution through donations. Such organizations are likely benefiting from the services they support directly or indirectly may be through keeping their employees healthy or saving the cost of healthcare expenditure. The organization receives funds from other sources not projected or regular to supporting its programs on yearly basis.
MD Anderson cancer center is a facility that shifts with the needs and the trends in the healthcare sector and the institution has undertaken to continue with the construction of extra buildings and blocks within its branches. The expectations of structures development are to take care of the projected future growth and the increasing demand for cancer care services and the need for research and extensive training. Coming up with the structure is the expanded scope of services and funding with the financial base increasing to take care of the rising number of the patients to be treated. The center is committed to compliance with the set regulations and has continually received accreditations as a top institution that maintains standards established by authorities and providing quality care to the public (Burke, Rodriguez, & Walters, 2013).
How the Facility has ever used its Excess Revenue
Non-profit institutions work towards maximizing results and positioning themselves in the market and keep their programs running. They have to offer best services that suit the needs of the people to attract the interest of donors and funders with the focus in line with the program. Having effective programs and developing sustainability contains costs and minimizes wastage while at the same time attracts interests that boost the base of funds and program support (Gandhi, 2012). Through proper institution and effectiveness, not for profit organization may end up saving much from cost containment and receiving more funding from donors and government agencies that may be an excess of the regular target.
Having excess revenues from internal or external sources sends an institution to refocus on avenues to channel the funds in an appropriate manner. Anderson Center has used such funds to cover for the free services offered to the public and relieve care. The center has also invested in building to expand the residential beds capacity to cater for the inpatient need for patients who get admission to the hospital for various reasons (Burke, Rodriguez, & Walters, 2013). The center has committed funds to its infrastructural expansion to support the growing needs of the different sectors of the institution to provide for continuity and effectiveness of its services.
The center has also committed funds to support the scope of research and expansion to cover the whole world and get into partnership with other institutions in the race to end cancer. With the extra funding it receives, the MD Anderson Center is funding research work related to cancer both locally and internationally to promote evidence-based practice. Just right as it utilizes the funds, the commitment of the center to support research programs that generate real-time data and information would help the improving care delivery and relieve cancer burden (Gandhi, 2012). The expansion of buildings to accommodate the projected future expansion and house the academic and research programs is a great move. Additionally, the center can use the extra funds for the promotion of services and offer education to the public on cancer free initiatives to expand the influence on individual practices that reduce disease burden.