A recent CEOWORLD magazine article highlights the rising CEO pay in nonprofit hospitals. According to a study by Rice University, CEO compensation in nonprofit hospitals increased by 30% between 2012 and 2019. This sharp rise raises serious concerns about the priorities of these hospitals. Are they focusing on executive pay rather than their charitable missions? […]
Montana Evaluates Nonprofit Hospital Charity Care and Community Benefit
Montana is taking a bold step to ensure nonprofit hospital charity care and community benefit are provided as promised. The state aims to verify that hospitals truly serve their communities and earn their tax-exempt status. According to a recent report, this initiative reflects growing concerns that some nonprofit hospitals prioritize profits over their charitable missions. […]
Are Nonprofit Hospitals Justifying Their Tax-Exempt Status?
Nonprofit hospitals, traditionally seen as pillars of community health, are increasingly operating like for-profit enterprises, as highlighted in this KFF Health News article. These institutions leverage their tax-exempt status while generating substantial revenue through various ventures, including for-profit subsidiaries and investments. This raises the question: Are they truly serving their communities, or are they exploiting […]
North Carolina Medical Debt Elimination Initiative – APPROVED!
In a significant move, the Centers for Medicare & Medicaid Services (CMS) recently approved a proposal by North Carolina Governor Roy Cooper’s administration. This North Carolina medical debt elimination initiative offers financial incentives to hospitals across the state. The goal is to eliminate patients’ medical debt and implement policies to prevent future liabilities. Read the […]
Communities Take Charge: Buying and Forgiving Medical Debt
In a remarkable move towards alleviating financial burdens, some communities are actively buying and forgiving millions in medical debt. As highlighted in a recent WFYI article, this strategy has become a lifeline for many struggling with overwhelming medical bills. However, this raises an important question: Is this enough to address the systemic issues behind medical […]
New Medical Debt Relief for Kentuckians
In a heartening development, medical debt has been relieved for 1,257 Kentuckians, offering significant financial relief to many families. This milestone underscores the ongoing need for stronger patient protections and systemic reforms to prevent medical debt from accumulating in the first place. Medical Debt Relief Initiative The recent debt relief was achieved through collaboration with […]
Governor Cooper Eases Medical Debt for North Carolinians
In a significant move to ease financial strain on North Carolinians, Governor Roy Cooper and the North Carolina Department of Health and Human Services (NCDHHS) have introduced measures to alleviate medical debt for nearly two million residents. This initiative, leveraging the state’s Medicaid program, aims to relieve up to $4 billion in existing medical debt […]
Northwell Health Financial Assistance Expanded by AG
New York Attorney General Letitia James and Northwell Health, the largest health system in New York, have agreed to expand Northwell Health charity care policies. This significant development aims to provide more extensive financial assistance to low-income patients, thus ensuring better access to medical care and setting a new precedent in the healthcare industry. Expansion […]
How to Steer Clear of Medical Debt Traps
Introduction Medical bills can quickly spiral into an overwhelming burden, trapping many in a cycle of debt. According to a recent article from The New York Times, unexpected medical expenses are a significant issue for many Americans. At Dollar For, we aim to help you navigate these challenges and access the financial assistance you need, […]
How Dollar For helps with Hospital Bills
Navigating the complexities of medical debt can be overwhelming, but Dollar For is here to help. Our nonprofit organization is dedicated to reducing and eliminating hospital bills by helping patients access hospital financial assistance programs. What Does Dollar For Do? Dollar For assists patients in reducing medical debt through free support and resources, guiding you […]
The Growing Burden of Medical Debt in the U.S.
Medical debt is a significant issue in the U.S., affecting millions of people across various demographics. A comprehensive analysis conducted by the Peterson-KFF Health System Tracker highlighted the scope and impact of medical debt on Americans. Who Is Affected? A substantial portion of the adult population is grappling with medical debt. The analysis reveals that […]
Lown Report: Are Hospitals Contributing Enough to Their Communities?
Nonprofit hospitals are under scrutiny due to recent findings from the Lown Institute. These findings reveal that many nonprofit hospitals receive more in tax breaks than they contribute to their communities through programs like charity care. This discrepancy raises critical questions about the accountability and fairness of these institutions. The Lown Institute’s Revelations The Lown […]