Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
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Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#2[dead]
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#3FWIW.. my mother's childhood friend is a nun who (successfully) ran a hospital in the Buffalo NY area for years up until the late 90s/early 2000s. She was replaced by a series of "civilian" CEOs after that. AFAIK, the quality of care OR the finances of the place didn't improve one iota.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#4So CEO compensation there is excessive for sure. That said, charity care is probably better measured vs a hospital’s net income absent any such care. My understanding is these hospitals are squeezed on both sides of the healthcare system by insurance and health equipment and drug providers, so they don’t have a lot of net income to spare for charity care.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#5Hospitals are all non-profit so they can reap tax benefits. In order to avoid profit but still maintain growth, they shovel all their profits into network expansion. New hospitals, clinics, outpatient centers, wellness centers, all that in order to avoid lowering costs for patients.
This is why it seems each locale is packed with care all from one central hospital. They have to keep growing to maintain "non-profit" status.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#6This phenomenon is not limited to hospitals.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#7The article is a bit misleading in that it uses revenue. Typical margins in a health-system is slim. 3-6%. So, actual 1-2% charity care of revenue is quite significant.
The thesis is correct that a health-system CEO shouldn’t make $17m/yr. It’s a non-profit largely funded by tax payers and maintains its market share by government regulations. Just the charity care component is a bit misleading.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#8If you see cranes outside of a non-profit hospital you know they are not hurting.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#9Aren’t hospitals being nonprofit just in name only? They do it for tax purpose, not for charity.
Re: Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
#10This phenomenon is not limited to hospitals.
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