The majority of nonprofit hospitals are failing to follow through on expected charity commitments, despite the generous tax breaks they receive, Healthcare Finance reports, citing a report from the Lown Institute.
The result of this neglect is $17 billion in unrealized community investment, according to the analysis from the healthcare think tank, which examined 3,641 hospitals based on their Medicaid revenue, charity care spending, and other investments that have direct benefit to the community – like health clinics, housing and food security. Read more.
