Healthcare Business Trends

Not-for-Profit Hospitals Demonstrate Value

November 27, 2017 11:42 am

In 2013, the estimated tax revenue foregone to hospitals with not-for-profit tax-exempt status was $6 billion, while the benefits provided to communities by such hospitals total approximately $67 billion, according to a study by EY for the American Hospital Association.

The benefits were calculated using hospital reporting on Form 990 Schedule H. The total community benefit provided by tax-exempt not-for-profit hospitals was calculated based on financial assistance and means tested government programs and other benefits, community building activities, Medicare shortfalls, and bad debt attributable to charity care.

 

 

 

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