By Matt M on 6/21/2008 5:47 PM

This just in! Ohio State University Hospital, Columbus was named one of the Best Hospitals in the country according to US News & World Report. A summary is below. The full article can be viewed at http://www.usnews.com/listings/hospitals/6411100.

Cancer: #15
Ear, nose, and throat: #19
Gynecology: #35
Kidney Disease: #24
Orthopedics: #50
Rehabilitation: #10 Read More »

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Matt's Healthcare Blog

By Matt M on 6/21/2008 8:20 AM

I just read that 77% of Non Profit hospitals are in the black (i.e. profitable) versus only 61% of For Profit hospitals. If you look at the data provided by this site, you will see that generally the Non Profit hospitals are doing better. How can this be? It seems as though a For Profit hospital (i.e. a Corporation) should be "better" at actually making money, doesn't it? Is it because of tax exemptions?

How a nonprofit uses any money left over after covering the costs of operation is also important. A for-profit might distribute extra earnings to its shareholders, or invest in something that would generate greater profits going forward: valet parking, for example, might attract more well-insured patients. But to qualify as a non-profit a hospital must: “retain its net earnings and use them to promote the purposes for which the nonprofit was created. “ In other words, a non-profit must plough any surplus back into its &ld ... Read More »