Yes, it is. It's also a good argument in favor of for-profit hospitals. Yes, a for-profit hospital makes money running "unnecessary" tests, but I'd rather have those tests than have them red-lined...
There is a Parkland Memorial Hospital in Dallas, Texas. At least there was in 1963. This is the hospital John F. Kennedy was taken to after he was shot on November 3rd of that year.
It can be both! The letter h is considered a "half-vowel". As a result of the influence of French (where the h is silent) on the English language, words beginning with h were treated as if they began...