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
The event will take place on Thursday, November 10, 2011 from 12:00pm to 2:00pm (ET).
Click here for more information.