Carilion Clinic, as the system is now known, operates eight hospitals. They treat more than 500 Emergency Room visitors a day. The system employs more than 11,000 people.Glad to see Mr. Murphy's hospital system is doing everything it can to keep those health care delivery costs down.
It's a private, tax-exempt outfit. That enables Carilion to avoid $54 million a year in taxes.
Carilion says it spends $1.50 on community benefits for every dollar it receives in tax exemptions. With U.S. taxpayers already on the hook for more $700 billion in the financial bailout, how likely is a medical make-over? Carilion CEO Ed Murphy says he gets asked that a lot.
"I think it's more likely, because we can't afford what we're already spending," says Murphy.
h/t: Survive the Journey.