Austin: One More Reason to Appreciate Locally Managed Nonprofit Healthcare | Columnists

Austin: One More Reason to Appreciate Locally Managed Nonprofit Healthcare |  Columnists

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

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