In yesterday’s piece on the Newton County Hospital Authority, I erroneously referred to Piedmont Newton as for-profit when they are in fact legally considered to be a not-for-profit.
But when I say “not-for-profit,” you should imagine me putting up finger quotes as I say it. Looking through Piedmont Newton Hospital, Inc’s IRS Form 990 there are definitely profits being made by several persons that I’ll be writing about in the future.
As for Piedmont Newton itself, it made approx. $16 million in 2020 (the latest year I have information on) & had a fund balance at the time in excess of $31 million.
Wonder how much of that was that Covid $$$?
Meanwhile, the Newton Co Hospital Authority gets $50K every year & Newton Co gets zero.
DEVELOPING…
- MBM
P.S. Piedmont Newton’s Mission Statement reads as the following:
”TO PROVIDE COMPASSIONATE AND SUSTAINABLE HEALTHCARE IN A PROGRESSIVE ENVIRONMENT.”
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