Nonprofit Hospital Donations Up 8% in FY2010
"We are going to see a big upswing in this coming year unless something goes wrong with the economy," McGinly says. "The economy is improving and what we are finding is of our high performing group, those who didn't have to lose staff or make cutbacks, they weathered the storms through parts of 09 and 10 and you are going to see those major donors coming back in a big way."
Ultimately, healthcare donations are tied to the economy, McGinly says. "The economy undergirds an awful lot of what donors are feeling and how generous they feel they can be," he says. "If they don't feel as wealthy as they used to because of the economy, while they are still going to be connected, they may not be as generous.
A copy of the AHP Report on Giving Fact Sheet is available here.
John Commins is a senior editor with HealthLeaders Media.
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- Centralizing the Revenue Cycle Protects the Bottom Line
- CA Fines 8 Hospitals for Medical Errors
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- Doctors Feel Pressure to Accept Risk-based Reimbursement
- Physicians to Appeal 'Docs v. Glocks' Ruling in FL
- Surgical Checklists Unused in 10% of Hospitals, CMS Data Shows
- A Fresh Look at End-of-Life Care
- Employers Weigh Risks, Benefits of Private Exchanges
- Heart Attack Patient Costs Skyrocket Beyond 30 Days