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Be careful with these numbers. As far as I know they operate more like a lot of non-profits around DC. Big money for insiders and leadership, but no profit at t
by Ididntdothis 7y ago
Be careful with these numbers. As far as I know they operate more like a lot of non-profits around DC. Big money for insiders and leadership, but no profit at the end of the year.
- rayiner 7y agoFor-profit hospitals have shareholders who should ramp down on such waste, but they don’t appear to have appreciably higher profit margins.
- Ididntdothis 7y agoThe keyword is “should”. But they don’t. I know somebody who did research into the ownership structure of hospitals in an area and where the money goes and you can’t compare this to normal companies. It’s a highly corrupt insider system that makes a lot of money from local governments and patients.
- joe_the_user 7y agoThis. In situations where large sums of money are vanishing on a continuing basis, Hanlon's razor ("don't attribute to malice what can be explained by incompetence") must reversed.