Virginia hospitals provide $3B in community support

Hospitals and health systems in Virginia provided nearly $3 billion in community benefit and support in the state in 2013, according to a report from the Virginia Hospital & Healthcare Association.

Advertisement

Tax-exempt hospitals in the state provided community benefits that exceeded the value of their tax exemptions by more than $461 million, according to the report.

Additionally, the hospitals and systems in Virginia provided $628 million in charity care and $135 million in subsidized health services in 2013, according to the report.

“We are pleased to publish this report, which highlights the significant contributions that Virginia’s hospitals and health systems make to their communities beyond the essential services they provide,” said Sean T. Connaughton, president and CEO of the Virginia Hospital & Healthcare Association.

More articles on healthcare finance:

Molina Healthcare’s profit spikes to $62.2M
This not-so-subtle provision of Obama’s budget isn’t sitting well with hospitals
7 recent hospital rating and outlook changes, affirmations

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.