Attorney: business image can hurt hospitals.
Not-for-profit hospitals will continue to face legal challenges to their tax-exempt status as state and municipal budgets are squeezed by service demands, says Spencer Knapp, partner with Dinse, Erdmann & Clapp, Burlington, VT. Knapp warns that hospitals could endanger their not-for-profit status by portraying themselves as businesses. "You want to emphasize the hospital's mission, not the bottom line," says Knapp.
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D003132:Commerce / Q000331:legislation & jurisprudence; D003159:Community-Institutional Relations; D005376:Financial Management / Q000331:legislation & jurisprudence*; D005377:Financial Management, Hospital / Q000331:legislation & jurisprudence*; D006761:Hospitals; D006788:Hospitals, Voluntary / Q000191:economics*; D013660:Taxes; D014481:United States