Hospitals & health systems: Avoid tax surprises with new revenue streams
- April 28, 2022
With traditional revenue sources struggling to keep up with soaring costs, hospitals and health systems are exploring new revenue streams — but many are subject to unrelated business income consequences. Understand how to position for financial sustainability amid regulatory changes.
Our experts will help you navigate unrelated business income challenges, understand profit motive reporting, avoid potential risks in tax compliance, and identify different entity choice options when seeking alternative revenue sources.
- Discuss unrelated business income consequences for revenue streams such as laboratory, pharmacy, telemedicine, investment funds, technology, accounting/billing services, fitness centers, and more.
- Understand the profit motive for revenue streams when reporting as unrelated business income.
- Consider foreign, state, and local tax compliance in relation to unrelated business income.
- Introduce entity choice options for new revenue streams and partnerships.