What is a not-for-profit Health Care System?
Adapted from Orlando Regional Healthcare System's On Center magazine
In simple terms, a not-for-profit health care system is a corporation whose assets belong solely to the community. Rather than "not-for profit," a more accurate term might be "not-for-private profit," since all income above expenses goes back into improving the health of the community's residents. No private person or corporation makes any profit, including the board of trustees, who serve without pay.
In exchange for tax exemptions, not-for profit health care systems provide the community with charity care, education, research, outreach and prevention programs.
