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Pursuing charitable mission leaves a Chicago hospital struggling

Wall Street Journal (subscription required), December 12, 2008

Providing all patients, rich or poor, the same standards of care is one way that Mount Sinai in Chicago tries to live up to its obligations as a nonprofit hospital exempt from taxes. But while a number of nonprofit hospitals have grown into profit machines in recent years, some, like Mount Sinai, have stuck to their charitable mission but struggled financially. Mount Sinai has teetered between a small net income and annual losses as high as $15 million over the past five years.