{"id":497,"date":"2024-12-06T12:01:38","date_gmt":"2024-12-06T13:01:38","guid":{"rendered":"https:\/\/kiemtientrenmangaz.com\/?p=497"},"modified":"2024-12-13T15:47:48","modified_gmt":"2024-12-13T15:47:48","slug":"nyu-langone-spends-half-the-national-average-on-charity-care-experts-say","status":"publish","type":"post","link":"https:\/\/kiemtientrenmangaz.com\/index.php\/2024\/12\/06\/nyu-langone-spends-half-the-national-average-on-charity-care-experts-say\/","title":{"rendered":"NYU Langone spends half the national average on charity care, experts say"},"content":{"rendered":"

\"The<\/a><\/p>\n

While NYU Langone Health\u2019s hospital system consistently yields some of the nation\u2019s highest profits, medical accounting <\/span>experts have noted<\/span><\/a> that it allocates a smaller percentage of its expenses on charity care than other nonprofit hospitals. A spokesperson for the medical center said the analysis was based on unrepresentative data.<\/span><\/p>\n

NYU Langone made <\/span>$14.2 billion in operating revenue<\/span><\/a> in the 2024 fiscal year, with a 3% operating margin. The medical center spent about $108 million on charity care, defined as unreimbursed free or discounted treatment for patients unable to pay for services. The hospital\u2019s charity care expenses comprised <\/span>1.2% of its total expenses<\/span><\/a> \u2014 while the <\/span>nationwide average<\/span><\/a> was 2.6% in 2020, according to the Kaiser Family Foundation.<\/span><\/p>\n

Steve Ritea, a spokesperson for NYU Langone, told WSN that the 2.6% average in 2020 reported by KFF was \u201ca complete anomaly\u201d because of the COVID-19 pandemic, and that NYU Langone did not include pandemic-related expenses in its charity care numbers that year. KFF\u2019s 2020 report, however, said that the 2.6% was consistent with previous years \u2014 with 2019\u2019s average at 2.7%.<\/span><\/p>\n

Ritea also told WSN that 25% of NYU Langone’s patients participate in Medicaid enrollment, meaning fewer people need the charity care because they have other forms of coverage.\u00a0<\/span><\/p>\n

\u201cOne important figure not reflected in the charity care percentage is that our health system also provides free care to anyone who is at 600% or less of the federal poverty level and provides a substantial discount on the cost of care to anyone up to 800% of the federal poverty level,\u201d Ritea wrote in a statement to WSN. \u201cThese thresholds are several hundred percent higher than other health systems.\u201d<\/span><\/p>\n

Nonprofit hospitals like NYU Langone are eligible for tax exemptions in exchange for providing \u201ccommunity benefits,\u201d such as charity care. In March, a report by the Lown Institute claimed NYU Langone withheld <\/span>$222 million excess in tax breaks<\/span><\/a>, alleging that the medical center did not spend enough on \u201ccommunity contributions\u201d to warrant its benefits. At the time, <\/span>Ritea told WSN<\/span><\/a> the claims were \u201cdisappointing\u201d and that the data used was not representative of the center\u2019s spending.<\/span><\/p>\n

NYU Langone\u2019s financial report documented a $1.8 billion, or 14.2%, increase in operating revenue since 2023. Ritea said the gain represented spending limits on supply and staff, as well as the hospital\u2019s overall volume growth.\u00a0<\/span><\/p>\n

The medical center has recently spent millions expanding its network throughout all five boroughs of New York City, New Jersey and Florida. It invested <\/span>$500 million<\/span><\/a> into expanding a hospital in the Sunset Park neighborhood of Brooklyn and purchased its fourth building in Florida for <\/span>$33 million<\/span><\/a> last February. NYU Langone has <\/span>attributed much of its motivation<\/span><\/a> for expansion to providing care for underserved communities.\u00a0<\/span><\/p>\n

\u201cNYU Langone has among the lowest lengths of stay and cost-adjusted discharge rates both locally and nationally,\u201d Ritea said. \u201cMatched with our top-quality care, this allows us to have a greater impact across all of the communities that we serve.\u201d<\/span><\/p>\n

Contact Chantal Mann at news@nyunews.com.<\/em><\/p>\n

This story NYU Langone spends half the national average on charity care, experts say<\/a> appeared first on Washington Square News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

While NYU Langone Health\u2019s hospital system consistently yields some of the nation\u2019s highest profits, medical accounting experts have noted that it allocates a smaller percentage of its expenses on charity care than other nonprofit hospitals. A spokesperson for the medical center said the analysis was based on unrepresentative data. NYU Langone made $14.2 billion in…<\/p>\n","protected":false},"author":1,"featured_media":499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/posts\/497"}],"collection":[{"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/comments?post=497"}],"version-history":[{"count":2,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/posts\/497\/revisions"}],"predecessor-version":[{"id":500,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/posts\/497\/revisions\/500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/media\/499"}],"wp:attachment":[{"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/media?parent=497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/categories?post=497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kiemtientrenmangaz.com\/index.php\/wp-json\/wp\/v2\/tags?post=497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}