New Tax Rules for Tax Exempt Hospitals and Accountable Care
Overview:
The nonprofit healthcare landscape was changed significantly by the Patient Protection and Affordable Care Act (PPACA), which imposes new requirements on nonprofit hospitals that must be followed in order to keep 501(c)(3) status. These requirements are already in effect now and must be implemented even though the IRS has not yet issued regulations. 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. Also, the PPACA creates a new concept called Accountable Care Organizations (ACO). IRS is in the process of issuing guidance in both of these areas. This comes at the heels of increased scrutiny by IRS and state taxing authorities, which are now sharing information about tax exempt organizations.
In this Knowledge Group LIVE webcast, a panel of distinguished professionals will help you understand the most critical issues which will include:
- Continuing Congressional and IRS scrutiny of hospitals
- Key provisions of the healthcare reform legislation – IRS section 501(r)
- IRS Notice on Community Health Needs Assessments
- Written financial assistance policies, patient charges and emergency care
- Calculation of charges to patients qualifying for financial assistance
- Debt collection practices
- IRS Notices, Regulations, Schedule H
- Accountable Care Organizations
- IRS and state audits of tax exempt organizations
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:
- Continuing Congressional and IRS scrutiny of hospitals
- Key provisions of the healthcare reform legislation – IRS section 501(r)
- Written financial assistance policies, patient charges and emergency care; Calculation of charges to patients qualifying for financial assistance; Debt collection practices
- IRS Notice on Community Health Needs Assessments
- IRS Notices, Regulations, Schedule H
- Accountable Care Organizations
- Allegeant overview of ACOs
- Tax Issues of ACOs
- IRS and state audits of tax exempt organizations
Who Should Attend:
- Lawyers
- Accountants
- Health Care Providers
- Health Industries Leader
- CEOs
- CFOs
- Compliance Officers
Mr. Cerny represents a broad range of nonprofit organizations including hospitals, private foundations, universities, public charities, health providers, and trade …
Jonathan Anders has more than 20 years experience in the insurance and benefits consulting marketplace. Beginning in 1995, Jonathan joined …
Laura Kalick is the National Nonprofit Tax Consulting Director for BDO’s Institute for Nonprofit Excellence. Laura has over 35 years …
Doug’s practice focuses on health care and taxexempt organizations. He serves as co-head of the firm’s health care practice. Doug …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
114174
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
BDO
About McGuireWoods LLP
With approximately 900 lawyers and 19 strategically located offices worldwide, McGuireWoods uses client-focused teams to serve public, private, government and nonprofit clients from many industries including nonprofit, education healthcare, automotive, energy resources, technology and transportation. Our commitment to providing clients with quality work and personalized service includes delivering exceptional value, using technology to provide effective legal solutions, and employing a diverse workforce to bring real-world and innovative perspectives to clients. McGuireWoods prides itself on “partnering” with clients by listening to their needs, understanding their businesses, and utilizing this knowledge base to provide efficient service.
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