Austin: Yet another reason to value locally managed nonprofit healthcare | columnists

Austin: Yet another reason to value locally managed nonprofit healthcare |  columnists

Source Money you spend on healthcare in our region stays in our region in the form of salaries, construction projects, tax dollars and more. Any surplus revenue – usually between 1 and 5% of Carilion’s gross revenue annually – is reinvested in the community as well. Like every business, Carilion is accountable to shareholders. Only in Carilion’s case, its shareholders are the people of this region. As a not-for-profit, locally managed health system, Carilion delivers “dividends” through improved community health.

The benefits of the board’s decision all those years ago are many, and they have had a tremendous impact on our region.

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