The Impact of New Federal Tax Requirements on Hospitals
Overview:
Hospitals beware; a significant tax change is on the way.
Section 9007 of the Patient Protection and Affordable Care Act (PPACA) enacted last March 2010 imposes new requirements for nonprofit hospitals that must be followed to keep a tax-exempt status. The new rules also mandate tax-exempt hospitals to administer community health needs assessments and to clarify and make known their financial assistance policies. Failure to do so may result to costly penalties which can be as high as $50,000.
In this 2-hour live webcast, a panel of speaker experts and thought leaders organized by The Knowledge Group will provide an overview of the most crucial elements of the new federal tax requirements which includes a “best practices” discussion.
Click the “Register” button below to enroll in this course today. Advanced registration is required as space is limited. Significant discounts are offered to early registrants.
Agenda:
SEGMENT 1:
Douglas M. Mancino , Partner,
McDermott Will & Emery
- Some background issues
- distinctions between for-profits and non-profits
SEGMENT 2:
Tricia Johnson , Director ,
Deloitte Tax LLP
- Scene setting, foundation laying, the macro view
- Health Reform – Hospitals as Employers
- A birds-eye view of Health Reform
- Employer considerations – what do I have to do and what will it cost?
- Insurance Market Rules & Grandfathered Plans
- State Exchanges
- Individual Mandate
- Employer “Mandate”
- Taxes & Financing
SEGMENT 3:
Milton Cerny , Counsel,
McGuireWoods LLP
- History of federal tax exemption for hospitals
- Continuing Congressional and IRS scrutiny of hospitals
- Key provisions of the healthcare reform legislation – IRS section 501(r)
- Conduct of community health assessment available to the public
- Written financial assistance policy on eligibility, patient charges and emergency care
- Calculation of charges to patients qualifying for financial assistance
- Debt collection practices
- IRS regulatory process and comments from the hospital industry
- Other Issues
- Medicare payment changes
- Residency and medical education
- Federal external review of benefit claims and appeals
- Impact of healthcare reform on hospital consolidation
- HHS Office of the Inspector General work plan for FY2011
- IRS National Research project on employment tax
- Healthcare reform affect on providers access to credit
- Constitutional challenge to individual mandate to purchase health insurance or pay per
SEGMENT 4:
Laura Kalick , Director, Nonprofit Tax Consulting,
BDO USA, LLP
- Background of how provisions came about in the new law. Focus on each of the provisions,
- financial assistance policy, community health needs assessment, go through each of the points,
- how state regulations
SEGMENT 5:
Stephen LaGarde , Senior Manager,
Deloitte Tax LLP
- Status of the hospital as an employer
Who Should Attend:
- Lawyers
- Accountants
- Health Care Providers
- Health Industries Leader
- Clinical Nurses
- CEOs
- CFOs
- Skilled Nursing Administrators
- Rehabilitation Directors
- Coders
- Compliance Officers
- Medical Directors
- Medical Providers
- Office Nurses
- Utilization Review Personnel
- Medical Management Supervisors
- Physicians (in all specialties)
- Physician Assistants
- Registered Nurses
- Quality Management Professionals
Douglas M. Mancino is a partner in the law firm of McDermott Will & Emery LLP and is based in …
Laura Kalick is the National Nonprofit Tax Consulting Director for BDO’s Institute for Nonprofit Excellence. Laura has over 35 years …
Mr. Cerny represents a broad range of nonprofit organizations including hospitals, private foundations, universities, public charities, and trade associations, including …
Tricia Johnson is a tax director with Deloitte Tax LLP, based in Cincinnati. Her almost 20 year career has focused …
Stephen LaGarde is a senior manager in Deloitte’s Washington National Tax office Global Employer Services group, specializing in compensation and …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
104018
NASBA Field of Study:
109004
Total Credits:
2.0 CLE
Login Instructions:
No Access
You are not logged in. Please Login or register to the event to gain access to the materials and login instructions.
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
SPEAKERS' FIRMS:
McDermott Will & Emery
BDO
Deloitte Tax LLP
About McDermott Will & Emery
About BDO
About McGuireWoods LLP
Website: https://www.mcguirewoods.com/