Now that final regulations have been released on Internal Revenue Code Section 501(r), hospital organizations, classified as Code Section 501(c)(3) tax-exempt organizations, need to be in compliance with all of its requirements in tax years beginning on or after Dec. 29, 2015. Failure to do so may result in costly penalties and challenge of exempt status. This webinar will clarify each of the regulation’s key requirements, including those around the community health needs assessment, implementation strategy, financial assistance, billing and collections, emergency medical care and limitations on patient charges.
Learning objectives
At the conclusion of this session, participants will be able to:- Assist in their tax-exempt hospital’s compliance process regarding the regulations under Internal Revenue Code Section 501(r).
- Confirm compliance with requirements for the community health needs assessment, implementation strategy, financial assistance policies, billing and collections policies, emergency medical care policies and billing limitations on patient charges.
- Explain the consequences, as established under the regulations, of noncompliance.
Presenters
- Amy Ciminello, Healthcare Tax Associate, Plante Moran
- Jaime Miller, Healthcare Consulting Associate, Plante Moran
Moderator
- David Lowenthal, Partner, Plante Moran
Plante & Moran, PLLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org >>
