The charity care total was an increase of $24 million from 2009. Other economic figures from the VHHA’s report include the following:
• Virginia’s hospitals and health systems accounted for roughly $27.7 billion in total economic activity.
• The hospitals had a Medicaid shortfall of $318 million, an increase of $113 million from 2009.
• The Medicare shortfall totaled $460 million.
• The amount of community benefit provided by tax-exempt hospitals exceeded the value of their tax exemptions by a combined $531 million.
Related Articles on Hospital Community Benefits:
Mississippi Hospitals Generate $11.9B Toward State Economy
Minnesota Hospitals Contribute $3.4B in Community Benefits in 2010
Illinois Hospitals Contribute More Than $4.6B in Community Benefits Annually
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.