nonprofit hospital


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nonprofit hospital

A hospital that is exempt from paying income and property taxes. In such a facility, funds earned are reinvested in the hospital and its services instead of being paid as dividends to shareholders.
See also: hospital
References in periodicals archive ?
Promedica (101) when it addressed whether a merger between one health system that operated three general acute care hospitals and another nonprofit hospital violated Section 7.
The justification for reining in debt collection was the expectation that nonprofit hospitals exist for the greater good of society, rather than for generating profits.
The foundation configuration is popular in the nonprofit hospital industry, and it could be assumed that organizations conforming to industry norms would adopt this configuration.
The community benefit standard, despite its name, does not provide a definitive standard governing classification as a nonprofit hospital. (195) This standard also does not provide a basis for differentiation between the behaviors and activities of nonprofit and for-profit institutions.
Also during the 1990s, three states established specific standards related to community benefit, including the following quantitative thresholds, for nonprofit hospital property tax exemptions:
Diokno said the government should allow nonprofit hospitals and cooperatives to keep their incentives under the proposal to rationalize tax perks.
He joins Dentons from 340B Health, a membership organization of more than 1,300 public and private nonprofit hospitals and health systems, where he served as vice president, legal and policy counsel.
3, 2018 (HealthDay News) -- Among Medicare patients with six major diseases, readmission rates are higher for those receiving care in proprietary hospitals compared with government or nonprofit hospitals, according to a study published online Sept.
Since MTGP's inception in 2007, more than 69,000 tickets for roundtrip air travel --valued at more than USD 27.6 million--have been donated to nonprofit hospitals and medical organizations, allowing Southwest to positively impact patients and caregivers around the country.
Also, community benefit reporting requirements for nonprofit hospitals, especially in states like CA, could lead to higher levels of charity care and related activities at nonprofit hospitals (Sutton and Stensland 2004; Bazzoli, Clement, and Hsieh 2010).

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