Isn’t it a good thing to have a for-profit hospital in the region?
No. The vast majority of hospitals in New Jersey are community-based, not-for-profit entities governed by local boards and are accountable to the communities they serve. Dollars generated through operations are invested back into the hospital for new equipment, facilities and program development. Conversely, for-profit hospitals are beholden to investors and not accountable to the communities they serve. Profits generated through operations are returned to investors and not necessarily invested back into the community. Developing a new for-profit hospital in a region that has excess capacity will cause irreparable harm to the region’s fragile health care system and ultimately affect the quality of care delivered.
