The bill would allow local governing bodies to calculate a community charge for qualifying organizations, opening up new revenue streams for counties and municipalities.
The charges would be based on gross revenue, and organizations that failed to pay it would stand to lose their nonprofit status.
“If they’re making over a billion dollars in revenue, we need to make sure they’re contributing to the community,” said Mr. Rutherford, according to GoUpstate.com. “Towns and counties need tax money. So when a hospital that makes over a billion dollars a year pays nothing, that means working South Carolinians pay more.”
More articles on finance:
CHI sees operating loss shrink as turnaround efforts take hold
Kaiser Permanente sees revenue climb $8.1B in 2017
CMS launches initiative to reduce Medicare appeals backlog: 3 things to know
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.
