Correct! The term “nonprofit” doesn’t mean there are no profits. Many nonprofit hospitals make big bucks.

Correct!

Correct! Identifying the kind of hospital you are covering is a critical first step because it will dictate which documents you can get.

Correct! Hospitals regularly manage vast stock and bond portfolios. The value of their investments alone can reach into the billions.

Correct! For-profit hospitals are owned by investors. They are often publicly traded and are in business to reward their investors.

Correct! Government-owned or public hospitals account for roughly 15 percent of hospitals in the U.S. Major cities tend to have at least one public hospital, which cares for those facing extreme poverty.

Correct! Nonprofit hospitals are run by self-perpetuating boards, whose members are not required to have financial or healthcare experience. They often are the richest people in the community and are put there for their contributions.

Correct!

Correct! It’s a recipe for failure, especially when you are just getting started on this beat. Obtain the documents and find independent academic experts who can review them and teach you what questions you should be asking. These experts can also be quoted.

Correct! Nonprofit is the traditional financial structure of hospitals as well as the most common, accounting for almost half of all hospitals.