| SQA Pharmacy: RHD's for-profit crossover |
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| Articles - General |
| Written by Administrator |
| Wednesday, 07 July 2004 07:00 |
 Both the non-profit corporation and the for-profit corporation are remarkably powerful economic tools. While the former is tax-free and able to receive grants, the latter is designed to attract the capital needed for business activities. When both are used they can stimulate an infinite range of economic activities, and generate sufficient discretionary revenue to address business as well as social issues. Non-profit common good corporations can create one or more for-profit corporations and use them to attract the capital needed to invest in businesses that can address a social agenda.
RHD's for-profit crossover business, SQA Pharmacy, was featured in a Philadelphia Inquirer article recently. Executive director (and The Common Good Corporation author) Robert Fishman was asked "Why is RHD starting the for-profit SQA Pharmacy Services Inc.?" He answered,
These practices are not RHD’s alone. They are part of a larger socially responsible business effort to seek the “double bottom line” to balance profit making with a social agenda. As a corporate member of the Social Venture Network and Investor’s Circle RHD joins with other entrepreneurs across the nation who are making the link between profit and the common good:
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Comments (3)
At break-even?
written by slogging along, August 19, 2008
I just heard that this SQA crossover business is now at break-even. Is that true? How long did it take this business to reach a break-even level in this highly competitive market place?
Profit declared
written by Bob Fishman, September 25, 2008
The great news is that we are continually growing this crossover business and that last month we show a profit of about $25K. If this pattern continues we can look forward to a time during next year when we will be able to start making grants to cover the costs of health care to the uninsured.
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