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by AptSeagull
1735 days ago
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There are 6000 hospitals, 20% for profit businesses, 17 of which are publicly traded. They write off procedure costs to some degree. The amount written off is so widely variable and lopsided, the IRS or the SEC would have a nearly impossible task of determining what is true. I'm curious, do hospital CFOs sweat the risk of IRS discovery that write offs are artificially inflated if/when the data becomes easily known and calculable? How many years and how many procedures were written off to which extent? To what end did asymmetric data play in avoiding taxes or violating SEC regs? |
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