Irs Compliance

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,…

Nick Hut October 12, 2023

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…

Nick Hut August 14, 2023

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.

Ken Perez October 2, 2022

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.

Chad Mulvany, FHFMA November 5, 2019

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. 

HFMA November 19, 2018

Optimizing Capital Structure Decisions Under the New Tax Law

A roundtable discussion about 2017 tax law changes and strategies for optimizing capital structure.

HFMA July 23, 2018

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.

Austin Carlson March 21, 2018

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.

Chris Bell March 1, 2018

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.

J. Stuart Showalter October 16, 2017

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.

J. Stuart Showalter October 12, 2016
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-leaderboard' ); } );