Answered step by step
Verified Expert Solution
Question
1 Approved Answer
As discussed by Brill, which of the following is NOT true of nonprofit hospital revenues? Group of answer choices Most nonprofit hospitals rely heavily on
As discussed by Brill, which of the following is NOT true of nonprofit hospital revenues? Group of answer choices Most nonprofit hospitals rely heavily on the tax-deductible charitable giving from members of the community to account for a large proportion of their revenue. According to a study mentioned by Brill, nonprofit hospitals have higher average operating profit margins than for-profit hospitals after taking into account the taxes paid by for-profit hospitals. Nonprofit hospitals have an average operating profit margin of 11.7%, even when including those nonprofit hospitals that lose money. Brill estimates that, if the cost of charity care were calculated based on Medicare rates, the nationwide value of this care would be less than $3 billion a year (or less than 1/2% of total revenue)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started