When Hospitals Are also Corporations
May 23, 2016
U.S. Hospitals started as charitable institutions in the late 1800s, funded by wealthy donors and religious organizations. The mission was focused on health care and care for the poor. It was clear where the money came from, clear where it went.
Much has changed. More and more, our community hospitals are disappearing, and in their place large corporate systems are emerging Hospital revenues now also come not just from patient care, but from for-profit subsidiaries, investments, ambulatory surgical-centers, and income from hospital-controlled physician practices.