Archives     Advertise     Editorial Calendar     Subscribe     Contact Us    


Tax-Exempt Hospitals Provided $95 Billion In Total Benefits To Their Communities, Far Exceeding The Value Of Their Federal Tax Exemption: New Analysis


 

New analysis prepared by Ernst & Young LLP (EY) and released today by the American Hospital Association (AHA) shows that tax-exempt hospitals provided $95 billion in total benefits to their communities in 2016 alone, the most recent year for which comprehensive data is available. This means that hospitals' and health systems' community benefit activity outweighs the value of their federal tax exemption - which was $9 billion in 2016 - by a factor of nearly 11 to one.

An additional analysis released today by the AHA shows hospitals' and health systems' total community benefits were 13.7 percent of their total hospital expenses in 2016. Half of this total was attributed to expenditures for financial assistance for patients and absorbing losses from Medicaid and other means-tested government program underpayments.

"On top of delivering around-the-clock care to all who come to us, hospitals and health systems of all types are providing a wide range of comprehensive benefits, activities and services tailored to meet the specific needs of their patients and communities," said AHA President and CEO Rick Pollack. "These new reports clearly quantify the significant benefit tax-exempt hospitals and health systems provide to their communities."

In return for being exempt from federal taxes, non-profit hospitals have a special responsibility to deliver a variety of benefits to serve the particular needs of the communities they serve. Hospitals report publicly on community benefit activities, which include financial assistance for those in need, as well as a wide range of programs and services designed to meet the current and future health needs of all those they serve. In addition, hospitals and health systems support emergency preparedness for all types of disasters; education, research and training for the next generation of caregivers; and clinics for underserved communities, as well as a range of programs aimed at keeping their communities healthy and productive.

For the full analyses, visit HERE and HERE.

 
Share:

Related Articles:


Recent Articles

New Study Looks at Cost Impact of OTC Birth Control

A new study explores the impact on unintended pregnancies, consistent use of progestin-only OTC birth control pills at various price points.

Read More

Behavioral Health in a Time of Social Isolation

Last month, the Nashville Health Care Council brought together experts for a virtual panel discussion on behavioral health in the midst of social distancing orders.

Read More

COVID-19 & Mental Health

As the virus takes its toll, providers are finding new ways to reach patients and preparing for the mental health fallout ahead.

Read More

Self-Care on the Front Lines of Coronavirus

Physicians, nurses, respiratory therapists and the full complement of support staff at hospitals and clinics are battling coronavirus on the front lines. When caring for others, it's all too easy to forget to take care of yourself.

Read More

Sharing Best Practices in Behavioral Health

Nashville-based online video service provides evidence-based training to public and providers.

Read More

May is Mental Health Month

May is Mental Health Month with excellent resources from national organizations for both patients and providers.

Read More

Business Insights

Read More

Celebrating 15 Years of Incredible Leaders

Following are the 15 classes of Women to Watch. Some of these trailblazers have happily retired after a career of service. Others have moved to other positions and taken up new challenges since they were first recognized.

Read More

New Study Looks at Cost Impact of OTC Birth Control

A new study explores the impact on unintended pregnancies, consistent use of progestin-only OTC birth control pills at various price points.

Read More

AHA Releases Scientific Statement on CAD with Type 2 Diabetes

A new AHA scientific statement explores more aggressive clinical options for the patient-centered management of individuals with both type 2 diabetes and coronary artery disease.

Read More

Email Print
 
 

 

 


Tags:
None
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: