Steven Lipstein on Hospitals
EconTalk
00:00
What's the Difference Between Profit and Nonprofit?
In America there's a mix of profit and nonprofit. Here in Umbrell organization of 13 different hospitals, you are nonprofit and yet there are for-profit hospitals. So first question is how does that profit and nonprofit thing affect the competitive environment? And the next question would be do you face significant competition in the St. Louis here given your size? There is, so the two questions, profit, not profit, and then competition.
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