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How a Hospital Chain Used a Poor Neighborhood to Turn Huge Profits

Although Bon Secours has taken a financial hit this year like many other hospital systems, the chain made nearly $1 billion in profit last year at its 50 hospitals in the United States and Ireland and was sitting on more than $9 billion in cash reserves. It avoids at least $440 million in federal, state and local taxes every year that it would otherwise have to pay, according to an analysis by the Lown Institute, a nonpartisan think tank. More

Mass General Brigham agrees to slash millions of dollars in spending

Mass General Brigham has said it will reduce its total medical spending by $127.8 million annually, nearly doubling its commitment to reduce its spending after months of discussions with a state watchdog agency. The filing is part of the hospital’s “performance improvement plan,” which was required by the state’s Health Policy Commission after what it said were years of spending above acceptable levels.
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Institute finds health care systems’ tax exemptions outweigh community benefits

The social responsibility index is perhaps the Lown Institute’s highest-profile review of not-for-profit and nonprofit health care systems and hospitals. The institute’s focus is analyzing the socioeconomic impact of the systems and hospitals, particularly as it relates to the tax exemptions they receive compared with community benefits and the charity care they provide.
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This NC hospital is ranked nation’s second-most ‘socially responsible.’ Here’s why.

In a new set of hospital rankings released last month, Duke Regional Hospital in Durham was named the nation’s second-most “socially responsible” hospital, while other Triangle- and North Carolina-based hospitals also received high marks. The rankings, released annually since 2020 by nonprofit think tank the Lown Institute, are the first “to define clear, measurable standards for hospital social responsibility, providing “benchmarks for hospitals to measure how well they serve their patients and communities.” More