Here’s How Much The Local North Carolina Hospitals Received In Tax Breaks

It's April so your mind is probably on taxes. Property taxes are rising every year it seems. However, it's not uncommon for cities and states to offer tax breaks to businesses as an incentive for them to come to that location. For years North Carolina offered the film industry tax breaks to make movies here. Sports teams also commonly receive tax breaks as well as large corporations that bring in large numbers of jobs (ie Apple, Amazon, etc.) But one industry that I hadn't thought about receiving the tax breaks is the healthcare industry. But both of the major Charlotte North Carolina area hospitals/hospital systems received some significant property tax breaks this year.

This is due to their tax exempt status being technically non-profit entities. Though with the outrageous costs of healthcare, I find it unlikely that these organizations aren't profiting in one way or another. WFAE reports that both Novant Health and Atrium Health received a $23 million tax break on their Mecklenburg County properties. They also report that the two systems own over $2.4 million worth of property in the county. Think of what that $23 million could do for the county. Do you think North Carolina hospitals should be receiving these tax breaks? Or should they pay up like you and I have to? You can read more about this story here.

No one wants to go to the hospital. But when you do you want the best care from exceptional physicians. But how do you determine the top North Carolina hospitals?One well-respected measurement of hospital quality of care in US News and World Report. Today they released their 2022-2023 rankings for the Top Hospitals in the nation as well as regionally in North Carolina.

Here's how they decided on this list: "In 2022-2023 U.S. News Best Hospitals ranked hospitals in the U.S. in 15 adult specialties as well as recognized hospitals by state, metro, and regional areas for their work in 20 more widely performed procedures and conditions. Of the nearly 5,000 hospitals analyzed and 30,000 physicians surveyed, only 164 hospitals ranked in at least one of the specialties."

One Charlotte area hospital came in at number 3 on this list. Several surrounding area institutions were also recognized. You can get the full national breakdown here. You can also see the rankings in specific specialties such as cancer care, cardiology, and others. I hope you and your family do not need any sort of care in the immediate future, but if you do it's good to be informed! Read on for the top North Carolina hospitals according to US News.

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