Chief Healthcare Executive September 25, 2024
An analysis by EY says health systems provided benefits far surpassing their tax exemptions. The report comes as some critics have questioned if hospitals are going enough for their communities.
Nonprofit hospitals are delivering benefits to their communities that outweigh their tax breaks by 10 to 1, a new report suggests.
Health systems provided $10 in community benefits for every dollar in tax breaks they received in 2020, according to an analysis by EY. The American Hospital Association, which commissioned the analysis, released the report Tuesday.
The EY analysis examined 2020, saying it was the most recent year in which complete data was available. A previous report found hospitals produced $9 in community benefits for every dollar in tax exemptions.
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