Tuesday, May 19, 2009

"Nonprofit" Hospitals

The Orlando Sentinel is the latest FL media outlet to cover executive compensation at charities. In a column by Scott Maxwell, the paper examines CEO pay at Central Florida's nonprofit hospitals noting that the CEO of Winter Park-based Adventist Health earned $3.5 million in 2007. The column touches on Senator Grassley's long standing interest in ensuring that nonprofit hospitals are providing sufficient charity care --- a topic that Charity Navigator's President & CEO explored in his blog post Rip-off Non-profit Hospitals.

Update: Yesterday, the Senate Finance Committee, of which Senator Grassley is a member, released policy options for financing the reform of America's health care system. In that document, the committee calls for a changes in the rules that establish hospitals as nonprofit. Here's an excerpt:
"Under the policy options, non‐profit hospitals would be required to maintain a minimal level of charitable activity, limit charges to uninsured, indigent patients, and limit aggressive collection actions. Hospitals that do not meet those requirements would be subject to an excise tax."

No comments :