After reading the DAILY PAPER story on hospital CEO pay, we thought of all those dedicated candy stripers and others who VOLUNTEER at a place where the big guys are making more in a year than most will make in a lifetime.
While the Statesman article on hospital CEO compensation was interesting, of much more importance is the fact that these Treasure Valley hospitals with gross revenues of nearly $1.5 billion pay no property taxes, no income taxes, and are buying up private doctor practices and taking them off the tax rolls.
Now with all the advertising competition between the two, national corporate ownership, ostentatious bricks and mortar spending and lavish CEO competition, is it time to examine the exemptions?
It is interesting these exemptions are predicated on the charitable work the hospitals provide the community and the code requires an annual report of charitable services rendered as public information–but exemptions will not form the basis of any decision regarding exemptions.
(7) A hospital corporation issued an exemption from property taxation pursuant to this section and operating a hospital having one hundred fifty (150) or more patient beds shall prepare a community benefits report to be filed with the board of equalization by December 31 of each year. The report shall itemize the hospital’s amount of unreimbursed services for the prior year (including charity care, bad debt, and underreimbursed care covered through government programs); special services and programs the hospital provides below its actual cost; donated time, funds, subsidies and in-kind services; additions to capital such as physical plant and equipment; and indication of the process the hospital has used to determine general community needs which coincide with the hospital’s mission. The report shall be provided as a matter of community information. Neither the submission of the report nor the contents shall be a basis for the approval or denial of a corporation’s property tax exemption.
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