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He works at Johns Hopkins, which is a private university that works closely with a health system called Johns Hopkins and the Johns Hopkins hospital (the medica
by dekhn 3y ago
He works at Johns Hopkins, which is a private university that works closely with a health system called Johns Hopkins and the Johns Hopkins hospital (the medical school). When you say "for profit", be aware that they definitely take money from the government and patients and use it to develop new intellectual property that generates large amounts of money for them (although I guess the "profit" from that doesn't benefit the shareholders).
These "non-profits" have multi-billion dollar budgets and are highly "profitable" depending on how you like to define it. https://www.nytimes.com/2020/02/20/opinion/nonprofit-hospitals.html https://www.nytimes.com/2020/02/20/opinion/nonprofit-hospita...
In these cases, the non-profits are given tax incentives provide a certain amount of community benefit.