December 13, 2024 – The Group Profit, which Cleveland Clinic experiences yearly to the IRS, is a measure of the well being care system's affect on the neighborhood. In 2023, it contributed $1.46 billion in neighborhood advantages for its operations in Ohio, Florida and Nevada. Cleveland Clinic's newest Financial and Fiscal Impression report measures its affect on the financial system. This research was carried out by Silverlode Consulting, a number one financial affect evaluation agency.

Two necessary parts of neighborhood advantages are offering monetary help and overlaying Medicaid shortfalls for sufferers. Cleveland Clinic is a number one supplier of Medicaid providers in Ohio. In 2023, the well being care system spent greater than $640 million to cowl the care of 344,000 sufferers on Medicaid. Monetary help is the quantity supplied to sufferers who’re unable to pay all or a part of their medical payments. In 2023, Cleveland Clinic spent $261 million to offer free or discounted medically mandatory care to greater than 111,000 of its sufferers.

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