As nuns disappear, many catholic hospitals look more like mega - corporations
Summary
Over 600 Catholic hospitals in the U.S. no longer have nuns in chief executive roles, a shift from when these institutions, were led by nuns. Sister Irene Kraus, a former CEO, emphasized financial viability with her motto "no margin, no mission". However, this focus on margins has transformed many of these hospitals into large corporations that operate for-profit subsidiaries and pay high executive salaries, diverging from charitable roots. Sister Mary Jean Ryan, one of the last nuns to lead a hospital system, reflects on her career from nursing to becoming CEO of SSM Health, a $10 billion revenue-generating giant with extensive operations, including a for-profit pharmacy benefit manager. Despite these business undertakings, Catholic hospitals maintain certain religious observances and commitments to care irrespective of a patient’s financial status.
Relevance
This is relevant to the role of nurses in executive positions within hospitals being instrumental to the survival of the Catholic identity of the hospital. This may act as an example of the potential shifting away from catholic roots and more towards profit-oriented missions and values.