Hospitals push back on Senate report that calls out lack of spending on charity care
Not-for-profit (NFP) hospitals continue to be the subject of congressional scrutiny, with the chair of a key Senate committee issuing a report that questions whether they provide levels of charity care that are commensurate with their tax exemption. The report was released Oct. 10 by Senator Bernie Sanders (I-Vt.), chair of the Senate Health, Education,…
Congress puts the community benefit standard for nonprofit hospitals under the microscope
The criteria that establish hospitals’ tax-exempt status are coming under closer scrutiny, with a bipartisan quartet of senators asking the IRS to ramp up its oversight of compliance with the community benefit standard. Sens. Bill Cassidy, MD (R-La.), Charles Grassley (R-Iowa), Raphael Warnock (D-Ga.) and Elizabeth Warren (D-Mass.) sent an Aug. 7 letter to the…
Ken Perez: What U.S. hospitals and health systems can expect from the 2022 IRA
Passed on Aug. 7, 2022, the Inflation Reduction Act has policy provisions that are significant for providers, but overall, it constitutes a mixed bag for hospitals and health systems.
Analysis: Why it behooves hospitals to re-evaluate medical accounts receivable process | HFMA
As negative press about patient billing shows no sign of slowing down, hospitals and health systems should re-evaluate the way they engage patients to resolve medical accounts receivable.
Ask the Experts: Financial Assistance Policies
I need help interpreting the patient refund rule mentioned in the IRS rule 501(r)(4) for financial assistance policies.
Optimizing Capital Structure Decisions Under the New Tax Law
A roundtable discussion about 2017 tax law changes and strategies for optimizing capital structure.
The Tax Cuts and Jobs Act: Takeaways for Healthcare Finance Leaders
The Tax Cuts and Jobs Act is likely to have a unique effect on the healthcare industry.
Tax Reform Implications for Healthcare Organizations
Tax-exempt hospitals prepare for the impact of provisions of the Tax Cuts and Jobs Act (TCJA) of 2017, including the repeal of the individual mandate under the Affordable Care Act and changes to tax incentives for charitable giving.
Hospital’s Tax-Exempt Status Revoked for Lack of Community Health Needs Assessment
The IRS stated that a rural hospital had failed to conduct a proper community health needs assessment and make it widely available to the public. The hospital’s tax-exempt status under section 501(c)(3) was revoked retroactively.
Addressing Challenges Presented by Financial Assistance Rules
Although the vast majority of hospitals have been working to implement IRS regulations for patient financial assistance, healthcare leaders should focus on potential problem areas because compliance with all the requirements is necessary to qualify for tax-exempt status.