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Katherine Jervis

Sep 8, 2026

2:32
I totally
2:32
understand that.
2:34
I'm in Providence, Rhode Island right now, and about 50% of the land here is universities and hospitals.
2:40
So many of those do the same exact thing.
2:45
In the case of a medical system near Pennsylvania, the nonprofit hospital complex moved money upstream to a parent organization that funded other types of entities, including parking garages, physician office buildings, marinas, they acted like a for-profit hospital.
3:06
Moving money upstream to a parent happened frequently, making the hospital itself look financially poor, unable to pay property taxes.
3:17
It also allowed them to negotiate better with insurance companies, but the parent organization was the cash cow for the hospital organization.
4:59
So tell me, when we talk about hospitals and community benefits, what is included in that?

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