For a hospital system organized as a not-for-profit charity, Mission Health made a lot of profits. The money left over after Asheville-based Mission subtracted its expenses from its revenue — what would be called profit at a for-profit hospital — grew year after year, right up to 2018, when Mission’s directors surprised nearly everyone by announcing plans to sell out to Tennessee-based HCA Healthcare, the nation’s biggest chain of for-profit hospitals. Mission at the time was as strong financially as it had ever been, which Mission’s executives said made it the perfect time to sell. They cited trends and studies suggesting that the Mission system faced a bleak future of relentless cost-cutting. The cost-cutting apparently didn’t include the paychecks of Mission executives, which grew for years untouched by the financial scalpel.READ MORE >
Welcome to AVL Watchdog – a free, local and nonprofit news service.
We’re here because of you, our friends and neighbors, who told us that you want thoughtful and explanatory journalism to stay abreast of the issues and challenges facing Asheville and Buncombe County.
Our Mission: We are dedicated to providing news and analysis that promotes civic understanding and participation.
Founded and run by volunteer, national award-winning journalists and media executives who live here, AVL Watchdog will produce stories covering local government, institutions, issues and people that are fair, factual and reliable.
Why now? Local news is in crisis. One in five American newspapers have closed, and that was before the coronavirus slashed advertising revenue. That means more layoffs and cuts to newsrooms and fewer reporters to keep watch over government and dig deep into the issues. Big choices require more coverage.READ MORE >