Your Guide to the World of Nonprofit Finance-part 1
By Tara Fugate
MNA Strategic Researcher
Something that still manages to shock a lot of people in the US is the growing number of similarities between nonprofits and for-profit hospitals. In 2013, 7 of the 10 most profitable hospitals in the country were classified as nonprofit. A 2013 study published in Health Affairs, examined factors contributing to hospital profitability. The study examined data from Medicare Cost Reports submitted by 2,993 acute care hospitals and produced a list of the top ten hospitals in the country with the highest profit from patient care (for fiscal year 2013).
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