< 1 min read
May 3, 2016
A new report out of Johns Hopkins found that the majority (7 out of 10) of the hospitals that bring in the most profit are the hospitals that claim nonprofit status.
"Seven of the 10 most profitable U.S. hospitals each cleared more than $160 million in 2013 from patient care services despite their having nonprofit status, according to a new report.
"Researchers from the Johns Hopkins Bloomberg School of Public Health and Washington and Lee University drew on 2013 data from the Centers for Medicare and Medicaid Services to analyze 3,000 acute care hospitals, of which 59 percent were nonprofit, 25 percent were for-profit and 16 percent were public."--Tom Risen, the U.S. News and World Report