3 ms·
At least on paper they are net-negative. If you look at a Schedule H of IRS Form 990 they report huge shortfalls from Medicare/Medicaid. This I think helps them
by gniv 3y ago
At least on paper they are net-negative. If you look at a Schedule H of IRS Form 990 they report huge shortfalls from Medicare/Medicaid. This I think helps them claim "community benefit expense".
Example Form 990 (search inside for Schedule H): https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/form-990-ccf.ashx?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi...
See also page 8 of this pdf: https://www.aha.org/system/files/media/file/2023/10/Results-from-2020-Tax-Exempt-Hospitals-Schedule-H-Community-Benefit-Reports.pdf https://www.aha.org/system/files/media/file/2023/10/Results-...
- bumby 3y agoThanks for sharing that. Do you happen to know how they calculate the "community benefit expense" that creates the shortfall? My understanding is that medical billing is inflated so they can anchor a high value to help in their negotiations with medical insurance. I'm wondering if this is the medicare adjusted value (i.e., what medicare says the procedures are worth) or the artificially inflated value?