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Fiduciary responsibilities in nonprofit health care conversions.
Health Care Manage Rev. 1998 Winter; 23(1):77-90.HC

Abstract

Conversions of nonprofit hospitals to for-profit status have been controversial because of concerns that community interests are not represented in the deals. As a result, several states have either passed or are considering conversion legislation. However, dramatic variability among states in approaching conversions remains, including the extent of attorney general intervention. Federal or state legislation could standardize rules for nonprofit conversions, but such comprehensive legislation is unlikely. Instead, this article argues that CEOs and trustees of nonprofit organizations undergoing conversions must honor their fiduciary duties to ensure that a conversion represents community interests.

Authors+Show Affiliations

Baptist Health Systems of South Florida, Miami, FL, USA.No affiliation info available

Pub Type(s)

Journal Article
Research Support, Non-U.S. Gov't
Review

Language

eng

PubMed ID

9494824

Citation

Wilkins, A S., and P D. Jacobson. "Fiduciary Responsibilities in Nonprofit Health Care Conversions." Health Care Management Review, vol. 23, no. 1, 1998, pp. 77-90.
Wilkins AS, Jacobson PD. Fiduciary responsibilities in nonprofit health care conversions. Health Care Manage Rev. 1998;23(1):77-90.
Wilkins, A. S., & Jacobson, P. D. (1998). Fiduciary responsibilities in nonprofit health care conversions. Health Care Management Review, 23(1), 77-90.
Wilkins AS, Jacobson PD. Fiduciary Responsibilities in Nonprofit Health Care Conversions. Health Care Manage Rev. 1998;23(1):77-90. PubMed PMID: 9494824.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Fiduciary responsibilities in nonprofit health care conversions. AU - Wilkins,A S, AU - Jacobson,P D, PY - 1998/3/12/pubmed PY - 1998/3/12/medline PY - 1998/3/12/entrez KW - Health Care and Public Health KW - Legal Approach SP - 77 EP - 90 JF - Health care management review JO - Health Care Manage Rev VL - 23 IS - 1 N2 - Conversions of nonprofit hospitals to for-profit status have been controversial because of concerns that community interests are not represented in the deals. As a result, several states have either passed or are considering conversion legislation. However, dramatic variability among states in approaching conversions remains, including the extent of attorney general intervention. Federal or state legislation could standardize rules for nonprofit conversions, but such comprehensive legislation is unlikely. Instead, this article argues that CEOs and trustees of nonprofit organizations undergoing conversions must honor their fiduciary duties to ensure that a conversion represents community interests. SN - 0361-6274 UR - https://neuro.unboundmedicine.com/medline/citation/9494824/Fiduciary_responsibilities_in_nonprofit_health_care_conversions_ L2 - https://doi.org/10.1097/00004010-199801000-00010 DB - PRIME DP - Unbound Medicine ER -