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	by ch4s3 64 days ago
	A lot just gets sucked up by 3rd parties of all stripes. Only ~20% of hospitals are for profit institutions for example.

3 comments

My daughter’s classmate’s father is a head of a non-profit hospital.

They have a 6k sqft house with a basketball court, pool and a pool house in the prime location in West Los Angeles.

They had to join two lots to build to their liking.

We call that "pulling an Altman" these days.

Would you expect that job to not pay well in a market where similar skills are directly transferable to running any mid sized corporation?

Non-profit doesn't mean money-hating, though

No but it directly contradicts OP's claim of "profit-seeking interests".

Individuals in such hospitals can still very much seek profit.

Care to explain what you mean specifically?

Hospital Administrative Expenditures Exceed Direct Patient Care by Nearly 2x

This one is ironic because they're touting the inflating admin headcount as a good thing:

>Only ~20% of hospitals are for profit institutions for example.

And the other 80% are little to no more efficient in terms of dollars input vs services rendered.

I am merely commenting that profit seeking is not a sufficient explanation.