Final answer:
The third category of hospital ownership, besides nonprofit and for-profit, is governmental. Governmental hospitals are funded and operated by government entities and focus on providing healthcare without aiming to generate profits. Surplus revenues in nonprofit organizations are reinvested to improve or expand services.
Step-by-step explanation:
Hospital ownership falls into three major categories: nonprofit, for-profit, or governmental. Other than nonprofit and for-profit hospitals, the third category includes hospitals owned by governmental agencies. These might be part of larger systems, such as Health and Social Services, and they are funded and operated by local, state, or federal government. Governmental hospitals aim to provide healthcare services to the public without the primary goal of generating profit. They may receive funding through taxes or other public revenues.
Nonprofit organizations, such as some hospitals, are structured to provide goods and services to members or the public for causes like health and education. They do not distribute profits to owners or shareholders. Instead, any surplus revenues are reinvested in the organization to expand services or to achieve their mission. These organizations fill societal needs and have a significant impact on various aspects of people's lives beyond just economic considerations.