Tax-Exempt Hospitals: Investing in Communities and Improving Health

Tax-exempt hospitals and health systems have always been at the forefront of caring for their communities, and a new report shows just how much they have stepped up during the challenges of the COVID-19 pandemic. In 2020 alone, these hospitals provided nearly $130 billion in total benefits to their communities, exceeding previous years by almost $20 billion.

These benefits go beyond just financial assistance for patients in need. Hospitals and health systems offer a wide range of programs and services aimed at improving community health and well-being. From providing access to healthy food and housing, to offering health education, screenings, transportation, and vaccination clinics, these institutions are dedicated to addressing the specific needs of the communities they serve.

In addition to financial assistance, tax-exempt hospitals also underwrite medical research, health professions education, and subsidize essential health services such as burn and neonatal units. They absorb underpayments from Medicaid and other government programs for the poor, and help patients without insurance transition to programs that can provide them with coverage for preventive and restorative care.

The report highlights the commitment of tax-exempt hospitals to improving the health and economic well-being of their communities. By reporting their community benefit activities to the IRS and making this information publicly available, these hospitals demonstrate their accountability and dedication to the communities they serve.

Overall, the report underscores the vital role that tax-exempt hospitals and health systems play in supporting and caring for their communities, especially during times of crisis. Their unwavering commitment to providing essential services and programs that address the most pressing health needs of their communities is truly commendable.