Nonprofit hospitals are under increasing scrutiny for skimping on charity care, relentlessly pursuing payments from low-income patients, and paying executives massive multi-million-dollar salaries—all while earning tax breaks totaling billions.
Nurses at one of the chain’s locations, Robert Wood Johnson University Hospital, are on strike, saying that the facility has become a dangerous place to work due to inadequate staffing levels.
A HELP committee staff report released earlier this month examined the financial data on 16 of the country’s largest nonprofit, tax-exempt hospital systems.
By far, the biggest earner was the CEO of CommonSpirit Health, a massive Catholic nonprofit system that runs 139 hospitals in 21 states.
That works out to an average of $9.4 million per hospital—and accounts for 44 percent of nonprofit hospitals’ collective net income (revenue minus expenses) for that year.
“The disparities between the paltry amounts these hospitals are spending on charity care and their massive revenues and excessive executive compensation demonstrates that they are failing to live up to their end of the non-profit bargain,” the report reads.
The original article contains 648 words, the summary contains 172 words. Saved 73%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Nonprofit hospitals are under increasing scrutiny for skimping on charity care, relentlessly pursuing payments from low-income patients, and paying executives massive multi-million-dollar salaries—all while earning tax breaks totaling billions.
Nurses at one of the chain’s locations, Robert Wood Johnson University Hospital, are on strike, saying that the facility has become a dangerous place to work due to inadequate staffing levels.
A HELP committee staff report released earlier this month examined the financial data on 16 of the country’s largest nonprofit, tax-exempt hospital systems.
By far, the biggest earner was the CEO of CommonSpirit Health, a massive Catholic nonprofit system that runs 139 hospitals in 21 states.
That works out to an average of $9.4 million per hospital—and accounts for 44 percent of nonprofit hospitals’ collective net income (revenue minus expenses) for that year.
“The disparities between the paltry amounts these hospitals are spending on charity care and their massive revenues and excessive executive compensation demonstrates that they are failing to live up to their end of the non-profit bargain,” the report reads.
The original article contains 648 words, the summary contains 172 words. Saved 73%. I’m a bot and I’m open source!