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May 3, 2016

7 of 10 most profitable hospitals are nonprofits

  • The research comes as cities in several states wage battles over hospital tax breaks.
    • By CARLA K. JOHNSON
    AP Medical Writer

    CHICAGO — Seven of the 10 most profitable U.S. hospitals are nonprofits, according to new research, including one in Urbana, Illinois, where hospital tax exemptions are headed for a contentious court battle that soon could determine whether medical facilities are paying their fair share of taxes.

    The “Top 10” list accompanies a study published Monday in the journal Health Affairs. The analysis is based on federal data from 2013 on nearly 3,000 hospitals. The authors measured profits using net income from patient care services, disregarding other income such as investments, donations and tuition. Researchers say the measure reflects how hospitals fare from their core work, without income from other activities.


     
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