There are many "non-profit" billion-dollar hospital chains in the US.
A few examples;
Ascension Health - $5.7bn net income on $27bn revenue in fiscal 2021 [1]
Cleveland Clinic - $1.3bn net income on $6bn revenue in H1 2021 [2]
Mayo Clinic - $728mn net income on $14bn revenue in 2020 [3]
"Non-profit" doesn't mean they don't like profits just like corporations. It's a designation meaning no shareholders, as in money made by the organization stays within the organization.
I like the term "not-for-profit" rather than "nonprofit" as I think it more accurately captures that the while the primary goal is not profit (unlike a traditional corporation), it does not mean that they don't make money. Pedantic, perhaps.
A few examples;
Ascension Health - $5.7bn net income on $27bn revenue in fiscal 2021 [1]
Cleveland Clinic - $1.3bn net income on $6bn revenue in H1 2021 [2]
Mayo Clinic - $728mn net income on $14bn revenue in 2020 [3]
"Non-profit" doesn't mean they don't like profits just like corporations. It's a designation meaning no shareholders, as in money made by the organization stays within the organization.
1- https://www.fiercehealthcare.com/hospitals/ascension-latest-...
2- https://www.beckershospitalreview.com/finance/cleveland-clin...
3 - https://www.beckershospitalreview.com/finance/cleveland-clin...