Community Benefit
Report: 340B tax-exempt hospitals provided more than $84 billion benefits to communities in 2020
In 2020, the most recent year for which this information is available, tax-exempt hospitals participating in the 340B drug savings program provided $84.4B in total benefits to their communities. Total community benefits for 340B hospitals increased from $67.9 billion in 2019 to $84.4 billion in…
All hospitals and health systems provide an oasis of care, compassion and healing to the patients and communities they serve.
A farm owned and operated by Community Hospital Anderson in Indiana recently completed a $2.5 million expansion that is expected to produce 30,000 pounds of produce per year to be shared with local food pantries to help address food insecurity across Madison County.
U.S. tax-exempt hospitals provided over $129 billion in community benefits in 2020, 15.5% of their total expenses and nearly $20 billion more than in 2019, the AHA reports.
Sen. Bernie Sanders’ new report on tax-exempt hospitals and their community benefits fails to account for the value of community benefit under the law, which defines community benefit as much more than charity care, writes AHA President and CEO Rick Pollack. READ MORE
Wyoming’s Cheyenne Regional Medical Center has joined more than 2,700 hospitals, outpatient clinics and health systems nationwide as participants in the “Age-Friendly Health Systems” initiative.
Time and time again, it’s been proven that non-profit hospitals more than earn their tax-exempt status by providing benefits determined to best serve each community.
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.
Beginning in 2018, the AHA contracted with Candid to create a file of all Schedule H forms electronically submitted by hospitals to the IRS for the most recently completed tax year, 2020. Using the Candid database, as well as AHA annual survey data, the AHA can now provide benchmark reports to all…