80% of nonprofit hospitals' community investments lag their tax savings, Lown Institute finds
FierceHealthIT
MARCH 25, 2024
Four in five nonprofit hospitals are spending less on community benefit areas like financial assistance than what they are estimated to receive in tax breaks, according to the latest annual report | Even after accounting for discounted care and community benefit investments, the money 2,425 nonprofit hospitals saved through tax breaks in 2021 would be enough to wipe out the medical debt of everyone living in California, Texas, New York and Pennsylvania, the Lown Institute found.
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