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January 25, 2010, 02:10 PM ET
Struggling D.C. Hospital Seeks Nonprofit Status
Struggling D.C. Hospital Seeks Nonprofit Status
Washington's United Medical Center is seeking charitable status to stave off a worsening financial crisis and continue serving the city's poorest neighborhoods, reports The Washington Post.
Frank G. DeLisi, the hospital's chief executive, said the conversion would save the center hundreds of thousands of dollars in tax bills, lift fund raising, and qualify it for higher Medicaid and Medicare reimbursements.
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