By David Losh follow 2012 Dec 23, 5:20am ↑ like (1) ↓ dislike 910 views 3 comments
watch (1) quote
One of the first things you learn when working for a non-profit is that you need to spend as much as you take in, and maybe a bit more.
If you don't spend the money, your budget may be cut, your department's budget may be cut.
Every time I see an all granite entry way to a hospital I think about the non profit status. Salaries may be inflated, new equipment is constantly needed, but when you look at staffing there are always budget cuts to pay for the things that bring in more revenue.
Comments 1-3 of 3 Last »
Absolutely - and they give huge bonuses to the CEO and executive staff. All the while they're soliciting more donations and pretending to help the poor & non-funded.
People think non-profits offer better care because they're not focued on the dollar - but they run by the same rules, and IMHO are more focused on the dollar than for-profits.
The "non-profit" HMO side of the Kaiser empire had "net income" over $1 billion in 2011. Being non-profit means they paid no tax on that net income. Meanwhile, the empire's for-profit corporate practice group does not disclose its profits, or its taxes either. And the "non-profit" Family Foundation (which operates as a marketing arm of the empire) is constantly producing "studies," sometimes in cooperation with AHIP (the lobby for for-profit insurers), showing that everyone should be required to sign up with them.
The "non-profit" HMO side of the Kaiser empire had "net income" over $1 billion in 2011. Being non-profit means they paid no tax on that net income.
At the same time, and along the lines of being non profit, these companies justify cutting costs by having fewer staff, or less qualified staff, like Nurses Assistants.
None of the non profit designation seems to be lowering the cost of Health Care, but I do see larger cash reserves for Insurance Companies, and Medical Facilities that have stocks.