Cayuga Health has announced two of their hospitals have been named top hospitals for community investment by the Lown Institute. Both Cayuga Medical Center (CMC) and Schuyler Hospital (SH) were recognized for fair share spending.
The Lown Institute works to inform consumers about hospital cares through nonpartisan research. Through 2020 tax records, the organization found CMC and SH both had a “fair share” surplus for that year. This meant both spent more in financial assistance and community investment than the value of their tax exemptions.
“Part of the mission of Cayuga Health is to continuously support the communities that we serve, and we offer this support in a variety of ways including contributions and various health improvement activities in Tompkins, Cortland, and Schuyler Counties,” stated Rebecca Gould, Chief Financial Officer, and Vice President of Finance for Cayuga Health. “We want to ensure that every member of our community has access to high quality care regardless of payment sources and we work diligently alongside other community organizations to address population health needs, right here.”
The Lown Institute measured 1700 non-profit hospitals throughout the nation that provide charity care or subsidized health services, community health improvement activities, contributions to community groups and community building activities.