What does non-profit hospital mean?
Definitions for non-profit hospital
non-prof·it hos·pi·tal
This dictionary definitions page includes all the possible meanings, example usage and translations of the word non-profit hospital.
Wikipedia
Non-profit hospital
The hospital industry in the United States includes a mix of ownership forms. Non-profit hospitals are the most common type, but for-profit and government hospitals also play substantial roles. A non-profit hospital, or not-for-profit hospital, is a hospital which is organized as a non-profit corporation. Non-profit hospitals are mostly funded by charity, religion or research/educational funds. Nonprofit hospitals do not pay federal income or state and local property taxes, and in return they benefit the community. The various exemptions given to non-profit hospitals get scrutinized by policymakers, with the argument being whether they provide community benefits that justify forgone government tax revenues. In 2003, of the roughly 3,900 nonfederal, short-term, acute care general hospitals in the United States, the majority—about 62 percent—were nonprofit. The rest included government hospitals (20 percent) and for-profit hospitals (18 percent). In exchange for tax-exemptions, estimated to total $12.6 billion in 2002, nonprofit hospitals are expected to provide community benefits.Courts generally have rejected challenges to the tax-free status of non-profit hospitals by indigent patients who are forced to pay for services on the grounds that the question is a matter for the IRS and that the indigent patients lack standing.In the State of New York, all traditional hospitals must be non-profit by law. Exceptions include outpatient surgery centers which can be for-profit.
Numerology
Chaldean Numerology
The numerical value of non-profit hospital in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of non-profit hospital in Pythagorean Numerology is: 2
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"non-profit hospital." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/non-profit+hospital>.
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