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New EY Analysis: Nonprofit Hospitals' Value To Communities Ten Times Their Federal Tax Exemption
A new analysis by the international accounting firm EY (also known as Ernst and Young) for the AHA shows that tax-exempt hospitals and health systems delivered $10 in benefits to their communities for every dollar’s worth of federal tax exemption in 2020, the most recent year for which comprehensive data is available. This represents an increase from $9 in benefits the prior year despite serving on the front lines of a once-in-a-century pandemic.
Hospital Associations and Hospitals File Lawsuit Challenging Federal Rule That Ties Providers’ Hands
The American Hospital Association (AHA), joined by the Texas Hospital Association, Texas Health Resources, and United Regional Health Care System, today sued the federal government to bar enforcement of an unlawful, harmful, and counterproductive rule that has upended hospitals’ and health systems’ ability to share health care information with the communities they serve, analyze their own websites to enhance accessibility, and improve public health.
Tax-Exempt Hospitals Provided Nearly $130 Billion in Total Benefits to Their Communities
Even in the face of a once-in-a-century pandemic, all hospitals, regardless of ownership type, continued to provide a comprehensive range of benefits, programs and essential services to their communities.
New EY Analysis: Tax-Exempt Hospitals’ Community Benefits Nine Times Greater Than Value of Federal Tax Exemption
WASHINGTON (June 6, 2022) – Regardless of ownership type, size, and location, all hospitals provide a comprehensive range of benefits and essential services to their communities.