There are some remarkable similarities between serial bankruptcy filers and large nonprofit hospitals that constantly claim financial difficulties. First, Chapter 13 bankruptcy filers regularly overspend in good times, over-leverage themselves to buy large houses, insist on the need for luxury vehicles, and rack up significant credit. They usually have no real idea how much they are bringing in during any given month, nor do they know what is going out – a true failure in household accounting and budgeting.
Appreciate quoting strata in the article as a source. I’m the CSO and head of data science. Happy to support Wendell’s work and yours. The piper will be paid for the bloat.
Appreciate quoting strata in the article as a source. I’m the CSO and head of data science. Happy to support Wendell’s work and yours. The piper will be paid for the bloat.
Funny how non-profit hospitals are usually not cheaper to visit than for profit.
This was a great article in tandem with the KFF analysis concerning "non-profit" health system finances: https://www.kff.org/health-costs/issue-brief/the-estimated-value-of-tax-exemption-for-nonprofit-hospitals-was-nearly-28-billion-in-2020/