4 ms·
I've got a friend who works at a big non-profit hospital. There's a budget term of art, 'Revenue in excess of expenses,' into which flows a large amount of mone
by pjmorris 4y ago
I've got a friend who works at a big non-profit hospital. There's a budget term of art, 'Revenue in excess of expenses,' into which flows a large amount of money that would be called profit elsewhere. I haven't found a detailed report on BCBS finances, but I'm looking now. Non-profit doesn't mean there's no extra money, it only means an entity is organized in a particular way.
- idontpost 4y ago[dead]
- mc32 4y agoBy definition, in order to continue as a going concern, they have to have more revenue than expenses. There is new equipment, treatments, raises, maintenance, inflation, etc. I guess one could have an all-volunteer hospital where everything is donated, from time, and equipment to land and buildings, etc.
- pjmorris 4y ago> new equipment, treatments, raises, maintenance, inflation, etc Much of these are expenses. Other organizations have ways of distinguishing between what's needed and what's extra, why do you think hospitals have nothing extra?
- mc32 4y agoYes, but people typically think of expenses as more or less operating expenses.