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Cleveland Clinic is an American nonprofit academic medical center based in Cleveland, Ohio. [2] Owned and operated by the Cleveland Clinic Foundation, an Ohio nonprofit corporation, Cleveland Clinic was founded in 1921 by a group of faculty and alumni from the Case Western Reserve University School of Medicine.
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
The origins of 501(c)(4) organizations date back to the Revenue Act of 1913, which created a new group of tax-exempt organizations dedicated to social welfare in a precursor to what is now Internal Revenue Code Section 501(c)(4). [62] The Protecting Americans from Tax Hikes Act of 2015 introduced a new requirement on 501(c)(4) organizations. [63]
A mutual-benefit nonprofit corporation or membership corporation, in the United States, is a type of nonprofit corporation chartered by a state government that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [4] [5]
Anthem and Cleveland Clinic will also expand the use of digital technologies and data connectivity to simplify processes and reduce administrative work for Cleveland Clinic doctors and staff members."
A hospital network is a public, non-profit or for-profit company or organization that provides two or more hospitals and other broad healthcare facilities and services. A hospital network may include hospitals in one or more regions within one or more states within one or more countries.
Ashtabula County Medical Center (ACMC) [3] is an affiliate of Cleveland Clinic [4] [5] and is a not for-profit, [6] community-oriented multi-specialty hospital, located in Ashtabula County, Ohio. [7] It serves the people of Ashtabula County and the surrounding areas in Northeastern Ohio and Northwestern Pennsylvania .
Cleveland Clinic Akron General formerly known as Akron General Medical Center, and commonly known as Akron Gen, is a nationally ranked, 511-bed non-profit, teaching hospital located in Akron, Ohio. [1] Cleveland Clinic Akron General is a part of the Cleveland Clinic Health System.