3 ms·
No doubt. But skimming some of the revenue for profit goes directly against that
by phkahler 3y ago
No doubt. But skimming some of the revenue for profit goes directly against that
- Dalewyn 3y agoProfit is necessary to invest in the future. If revenue matches cost leading to a gross profit of zero, you can only ever keep whatever it is you have today with no room to advance or adapt or even maintain.
- JumpCrisscross 3y ago> skimming some of the revenue for profit goes directly against that Non-profit hospitals don’t fare better or worse on health outcomes than for-profit hospitals [1]. They are run less efficiently [2]. If you’ve been on a non-profit Board, particularly a service-model non-profit, this makes sense. [1] https://www.hsph.harvard.edu/news/press-releases/hospitals-converting-to-for-profit-status-show-better-financial-health-no-loss-in-quality-of-care/ https://www.hsph.harvard.edu/news/press-releases/hospitals-c... [2] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7439627/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7439627/