Nonprofit hospitals are building tax-exempt real estate empires — and working to crush politicians who stand in their way.
I’m biased, because I work for a non-profit health system.
We have definitely been absorbing hospitals. There seem to be four major categories they fall into:
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Hospitals that are doing well and fit very well with the system’s goals so they make a very positive addition to the system.
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Hospitals that are surviving, but struggling and unable to compete against the for-profit bohemoths that are breathing down their neck.
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Hospitals that have failed because they simply couldn’t compete and are leaving a community without any viable options for healthcare.
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Hospitals that have failed because they were bought up by venture capitalists, assets sold off to benefit the VCs, and bankrupted when they couldn’t pay the debt that the VCs incurred for their purchase.
My employer is far from perfect, but there is no question that the single overriding mission is to provide healthcare. We are not a real estate mogul masquerading as a hospital system.
I couldn’t read the entire article, but the initial premise seems like something promoted by the for-profit healthcare industry to try to distract from their financial rape of their patients and communities.
Definitely not something promoted by the for profit healthcare industry
The article isn’t bashing non-profit hospitals, it’s bashing the private equity firms that are buying up non profit hospitals, just so they can get the tax exempt status. You should check out entire article, I added the link with the complete article.
I couldn’t read the entire article…
Because it’s levernews and they want reader’s info. No thanks.
Edit: I turned around to talk to a cow-orker and you posted the archive link after I started typing this. lol [shrug]
Cows don’t like being orked, tell that person to stop.
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