Navigation Links
Report Ignores True Value of Chicago Hospitals
Date:4/10/2009

tating the value of such benefits. For some reason, CTBA chose to use 2007 Community Benefit Reports for this study when 2008 Reports were readily available. By using the older data, they conclude that charity care costs for the comparable study hospitals increased by only $40 million. But if they used the most recent data they would have had to report that charity care increased by $54 million - in other words, CTBA understated the increase in charity care by 35%.
  • It overestimates sales tax liability by applying the regular sales tax rate(2) to all supplies, even though a 1% rate would apply to all prescription drugs, food and consumable medical supplies and no sales tax at all is applied to supplies used for Medicare and Medicaid patients (which account for over half of the average hospital's patients). In other words, the correct value of the sales tax exemption to the studied hospitals was most likely less than half of the amount CTBA reports.
  • It estimates that property taxes for these hospitals would be about 2.2 percent of their expenses. Yet, for those hospitals in Cook County that are actually on the tax rolls, property taxes are about 1 percent of expenses - less than half of CTBA's estimate. CTBA may prefer a methodology for calculating property values for hospitals that differs from the one presently used, but wishing it so doesn't make it so.
  • It fails to include the $315 million "Medicaid shortfall" as part of the benefit that hospitals confer - that's the unreimbursed cost of care that those hospitals provide to Medicaid recipients. Even the IRS considers the Medicaid shortfall as part of the rationale for hospital tax exemption.
  • To suggest that hospitals are not doing enough to serve their patients and communities or to deserve their tax-exempt status is misleading and does nothing to help policy makers and society work toward solution
    '/>"/>

  • SOURCE Illinois Hospital Association
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10

    Related medicine news :

    1. Consumer Reports Survey Shows High Satisfaction for Physical Therapist Treatment of Back Pain
    2. CardioDynamics Reports First Quarter 2009 Results
    3. Declines in Foodborne Illness Have Plateaued, Report Says
    4. Streamline Health Solutions, Inc. Reports Fourth Quarter Results
    5. Hillenbrand Expects to Report Second-Quarter Net Revenue of $170.8 Million and Revises 2009 Guidance
    6. Mindray to Report First Quarter 2009 Financial Results on May 11, 2009
    7. Universal Capital Management Reports Top Delaware Surgeon to Join Advisory Board
    8. New Report Details How to Create a Public Health Insurance Option as Part of Nations Health Reforms
    9. BioInformatics, LLC New Report - Capitalizing on New Opportunities for Stem Cell Products
    10. In Wake of ICRC Report, Health Professionals Must Be Held Accountable for Torture
    11. New Report Defines Challenges for New Entrants in Key Rheumatology Markets
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:4/23/2014)... Michigan State University researcher is looking to give exercise ... and her latest research shows that a cyber buddy ... Games for Health Journal , is the first ... a better motivator during exercise, a software-generated partner also ... something that isn,t real can still motivate people to ...
    (Date:4/23/2014)... identified an important enzyme pathway that helps prevent new ... a condition that has been directly linked to cancer ... biochemistry, found that near the end of cell division, ... any breaks in DNA are fully repaired before the ... cells. This process helps safeguard against some of the ...
    (Date:4/23/2014)... A new computer program could help doctors predict which ... stroke treatment. , The program, which assesses brain ... in airport security and passport control, has been developed ... pilot study funded by the Wellcome Trust, which used ... Clinical . , Stroke affects over 15 million ...
    (Date:4/23/2014)... vegetables are often displayed in the popular Swedish ... plenty of high-sugar foods. A new study from ... portrayed in children,s TV programmes as well as ... habits and weight status. , Steingerdur Olafsdottir,s doctoral ... the popular Swedish children,s TV show Bolibompa. Healthy ...
    (Date:4/23/2014)... PROVIDENCE, R.I. Parents and physicians concerned about an ... medical marijuana can breathe a sigh of relief. According ... compared 20 years worth of data from states with ... not lead to increased use among adolescents. The study ... Journal of Adolescent Health . , "Any ...
    Breaking Medicine News(10 mins):Health News:Cyber buddy is better than 'no buddy' 2Health News:Study identifies enzymes that help fix cancer-causing DNA defects 2Health News:Airport security-style technology could help doctors decide on stroke treatment 2Health News:Airport security-style technology could help doctors decide on stroke treatment 3Health News:High-calorie and low-nutrient foods in kids' TV 2Health News:RI Hospital physician: Legalizing medical marijuana doesn't increase use among adolescents 2
    ... Nursing homes serving primarily Hispanic residents provided poorer ... mostly white, according to Brown University research. Details ... the American Medical Directors Association . , Researchers ... of bed sores at nursing homes with high ...
    ... From 28 Countries ParticipatingSUNNYVALE, Calif., April 10 Accuray ... in the field of radiosurgery, today announced that the ... than twice the number of attendees compared to the ... the University Hospital of Charite in Berlin, Germany."The University ...
    ... A recent study by Mount Sinai faculty suggests that ... decreases in Alzheimer,s disease dementia cases. The research, led ... Family Professor in Neurology, and Professor of Psychiatry and ... Medicine, was published this week in the scientific journal, ...
    ... but constipation was problem for some , , ... study finds oxycodone, often known as OxyContin, successfully ... Shingles, an often stress-related condition resulting from the ... blisters, rash and flu-like symptoms that antiviral medications ...
    ... Once-daily Keppra XR(TM) (levetiracetam) extended-release tablets are now ... to simplify patients, treatment plans by decreasing the ... (Photo: http://www.newscom.com/cgi-bin/prnh/20090410/NY97244 )According to studies published ... Neurology , patients are more likely to adhere ...
    ... of communicating the latest aesthetic enhancement options by turning his website into ... ... 2009 -- The founder and director of the Arizona Center for Aesthetic ... innovative ways of reaching out to patients in the process. Dr. Steven ...
    Cached Medicine News:Health News:Hispanics appear to face poorer quality nursing home care 2Health News:Second European Radiosurgery Workshop Yields Record Attendance 2Health News:Second European Radiosurgery Workshop Yields Record Attendance 3Health News:Second European Radiosurgery Workshop Yields Record Attendance 4Health News:Mount Sinai researchers discover novel mechanisms that might causally link type-2 diabetes to Alzheimer's disease 2Health News:Oxycodone May Reduce Shingles Pain 2Health News:New Keppra XR(TM) Dosage Strength Offers Simplified Treatment Option for People Living With Partial-Onset Seizures 2Health News:New Keppra XR(TM) Dosage Strength Offers Simplified Treatment Option for People Living With Partial-Onset Seizures 3Health News:New Keppra XR(TM) Dosage Strength Offers Simplified Treatment Option for People Living With Partial-Onset Seizures 4Health News:Scottsdale, Arizona Cosmetic Plastic Surgeon Reaches Out to Patients with State-of-the-Art New Website 2Health News:Scottsdale, Arizona Cosmetic Plastic Surgeon Reaches Out to Patients with State-of-the-Art New Website 3
    (Date:1/15/2014)... 15, 2014 Reportlinker.com announces that ... available in its catalogue: ... for Advanced Drug Delivery Systems -- ... http://www.reportlinker.com/p01941928/Global-Markets-and-Technologies-for-Advanced-Drug-Delivery-Systems----Focus-on-Routes-of-Administration.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Drug_Delivery_Technology ...
    (Date:1/14/2014)... Corporation (Nasdaq: LMNX ) today announced that it ... on Monday, February 3, 2014. A press release announcing the ... (Logo: http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO ) Management ... and financial results for the fourth quarter and twelve months ...
    (Date:1/14/2014)... 2014 /PRNewswire-iReach/ -- Acumed,s new SLIC Screw System - ... instrumentation to place and insert the screw accurately - ... (e.g. ligament) repair or reconstruction as it holds the ... (Photo: http://photos.prnewswire.com/prnh/20140114/MN45636 ) The SLIC ...
    Breaking Medicine Technology:Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 2Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 3Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 4Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 5Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 6Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 7Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 8Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 9Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 10Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 11Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 12Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 13Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 14Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 15Global Markets and Technologies for Advanced Drug Delivery Systems -- Focus on Routes of Administration 16Luminex Corporation Fourth Quarter Earnings Release Scheduled for February 3, 2014 2Luminex Corporation Fourth Quarter Earnings Release Scheduled for February 3, 2014 3Acumed introduces the Scapho-Lunate Inter Carpal (SLIC) Screw System 2Acumed introduces the Scapho-Lunate Inter Carpal (SLIC) Screw System 3
    ... 2010 TechniScan, Inc. (OTC Bulletin Board: ... development and commercialization of an automated breast ultrasound imaging system, ... TechniScan entered into amendments with each note holder, effective as ... its entire portfolio of secured convertible promissory notes from October ...
    ... 8, 2010 Arstasis is pleased to announce that ... Registry Evaluating Closure Following Access with the Arstasis One ... anticipated to enroll up to 500 patients in at ... is to observe the clinical safety and effectiveness of ...
    Cached Medicine Technology:TechniScan, Inc. Announces Restructuring of Convertible Debt 2Seven U.S. Medical Centers Commence Study to Change Femoral Artery Cath Lab Access with the First Alternative to the Seldinger Technique in 51 Years 2Seven U.S. Medical Centers Commence Study to Change Femoral Artery Cath Lab Access with the First Alternative to the Seldinger Technique in 51 Years 3