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Old 09-17-2010, 07:54 AM
bkcunningham1 bkcunningham1 is offline
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Central Florida Health Alliance is a not-for profit family of hospitals according to their website. The Villages Health System and the Leesburg Regional Medical Center are both part of the Central Florida Health Alliance.

When a hospital is classified a "not-for-profit" by the Internal Revenue Service it means that the hospital’s use of its profit, or any excess of revenues over expenses, must be used for the benefit of the hospital.

For-profit companies may use their profits to distribute monies to their owners or shareholders, and they can also reinvest that profit into the business. Non-profits only have the latter choice, that is, they must invest all profits into the business.

Here's a really good article that explains not-for-profit hospitals.

http://www.physiciansnews.com/busine...steinberg.html