Understanding IRS Proposed Regulations on Community Health Needs Assessments
Overview:
Tax-exempt hospitals must understand the proposed regulations under Section 501(r) (3) of the Internal Revenue Code. The regulations, issued by the IRS, aim to provide guidelines on how to comply with Community Health Needs Assessments (CHNA) requirements. Furthermore, the proposed regulations also address: Penalties for Non-Compliance, Financial Assistance Policy, Limitation on Charges; and Billing and Collection Requirements.
Join us for this two-hour LIVE webcast as our panel of distinguished leaders and practitioners provide an in-depth discussion of the significant issues included in the proposed regulations, along with training and best practices.
Agenda:
- Overview (Elizabeth)
- Introduction: where did 501(r) come from (ACA purpose)
- Long-running debate over charity care, billing and collection practices, and hospital tax exemption
- State statutes, Scruggs suits, property tax exemption cases, Senate Finance Committee efforts, IRS hospital study
- What are the issues addressed by 501(r)
- High-level overview of 501(r) provisions
- How they address perceived issues: by procedure, not substantive standards
- Status of guidance and regulations
- IRS Notice 2011-52
- Proposed Regulations
- IRS hospital reviews
- Requirements for Community Health Needs Assessments (CHNA)
- Items to include in written report (Susan)
- Differences between IRS Notice 2011-52 and Proposed Regulations
- Implementation Strategy (Marjorie)
- Timing/deadlines (Marjorie)
- Best Practices in Conducting a CHNA (All)
- Dissemination to public
- Collaboration
- Effective Date & Transitional Rules (Susan)
- Wait for final rules for details? For CHNA, not always possible
- Penalties (Marjorie)
- Form 990 Schedule H: compliance disclosure vehicle
- A corporation’s partial loss of 501(c)(3) status: what does it mean?
- Other 501(r) provisions/ Strategies for Implementation (Elizabeth)
- Public-facing policies and notices
- Throughout the patient experience: must be right every time
- Practical difficulties in identifying charity care
- Underinsured vs. Uninsured
- Other Affordable Care Act provisions affecting the process
- Presumptive Medicaid eligibility
- Patients with exchange insurance who don’t pay premiums: retroactive coverage lapse
- Coordination between hospital departments and functions
Who Should Attend:
– Directors and Officers of Healthcare Firms
– Hospital Executives (Finance, CFOs, General Counsel and Related)
– Healthcare Organization- Financial Reporting & Accounting
– Accountants
– Attorneys
– Executive Directors
– Controllers
– CFOs
– Tax Managers
– Financial Officers
– Senior Officers
– Tax-exempt Auditors
– Tax-exempt Organization Lawyers
– Nonprofit Organization Executives
– Other Related Professionals
Elizabeth M. Mills is a Senior Counsel in Proskauer Rose LLP’s Health Care Department in the Chicago office. Elizabeth’s practice …
Susan Clark is a Senior Manager in the Atlanta office of Pershing Yoakley & Associates P.C., who specializes in tax-exempt …
Marjorie M. Glover is the Chair of Employee Benefits and Executive Compensation at Chadbourne & Parke LLP. She has experience …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
134489
NASBA Field of Study:
Taxes
NY Category of CLE Credit:
Taxes
Total Credits:
2.0 CLE
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About Proskauer Rose LLP
Proskauer is a leading global law firm with more than 700 highly skilled lawyers active in virtually every major market around the world. Headquartered in New York City since 1875, we also have offices in Beijing, Boca Raton, Boston, Chicago, Hong Kong, London, Los Angeles, New Orleans, Newark, Paris, São Paulo and Washington, DC. Our practice is highly diverse and purposefully interdisciplinary. Consistently recognized as a leader in the legal marketplace for our work ranging from complex, cross-border transactions to high-stakes litigation, we represent many of the world’s leading businesses, financial institutions, investment funds, not-for-profit institutions, governmental entities and other organizations across a wide array of industries, and individuals in their most important deals and other matters.
About PYA
Pershing Yoakley & Associates was founded in 1983 as a healthcare consulting and accounting firm committed to exceptional client service and strong community involvement. It has approximately 180 staff members and more than 2,200 clients in the U.S. and the Virgin Islands. It is currently ranked by Modern Healthcare as the nation’s 11th largest privately owned healthcare management consulting firm PYA is nationally known for its expertise in healthcare consulting, valuation services, accounting, and litigation support.
About Chadbourne & Parke LLP
A New York-based international law firm, Chadbourne & Parke partners with our clients to promote their business objectives around the world. We offer a full range of legal services and deliver innovative and effective results drawing on our local expertise and relationships in our international platform of 12 offices across 4 continents. Recognized by Chambers Global in 22 practice areas and in 16 regions, we have developed a unique focus on emerging markets and offer significant experience and depth in energy and infrastructure, international disputes, Latin American corporate and finance transactions, corporate M&A, and bankruptcy and financial restructuring.