Another shocking revelation – hospitals must attract patients to stay open

money

In a follow-up to last year’s groundbreaking study that uncovered the stunning truth that hospitals are actually businesses, WiseBucks magazine issued a follow-up report showing that to remain open, hospitals have to attract patients to receive care. The follow-up report is timely, given new legislation announced in Vermont that seeks to ban hospitals from spending money on marketing and advertising.

“Like the legislator in Vermont, we were flabbergasted that hospitals actually have to attract patients with marketing and advertising,” said WiseBucks editor Joe Duhh. “That’s how regular businesses operate, sure. But hospitals? That would be like saying politicians have to spend money to get elected – doesn’t it just happen?”

Last year’s award-winning study, which uncovered that hospitals are actually businesses, won WiseBucks the coveted Most Obvious Reporting On News (or MORON) award. Its findings, which caused endless congressional hearings and helped fuel the grassroots “Band-Aid Party” movement, showed that:

  • despite the fact that most hospitals are “non-profit,” they still must take in more money then they spend
  • revenue from many hospital patients – such as those with Medicare insurance – does not cover the cost of serving those patients
  • shockingly, some hospitals have actual waterfalls and valet parking

WiseBucks has won acclaim for its past investigating reporting, including:

  • “Uncovering the truth: the sun rises in the east”
  • “This just in: gravity works.”
  • “Money does not, in fact, grow on trees – an investigative report.”

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