The Affordable Care Act imposed additional requirements on charitable hospitals by adding Section 501(r) to the Internal Revenue Code.
This on-demand webinar will help hospital executives and their counsel navigate the complex, often prescriptive, new requirements that hospitals must satisfy in order to maintain their tax-exempt status. This program will also offer practical insight into how hospitals can satisfy their obligations under Section 501(r) with minimal disruption to their day-to-day operations, and it will recommend best practices to ensure compliance with Section 501(r) in joint venture and management arrangements. Learning Objectives: •You will be able to discuss the relationship of implementation strategies to other regulatory filings. •You will be able to review required FAP components. •You will be able to identify the impact of calculation methodologies on hospital operations. •You will be able to explain how to avoid willful and egregious violations.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Determining When Section 501(r) Applies
- Overview of Key IRS Definitions
- Impact of Definitions on Section 501(r) Compliance Obligations
Understanding How to Conduct a Community Health Needs Assessment
- Summary of Key CHNA Requirements
- Key Takeaways From CHNA Experience
Developing an Implementation Strategy to Address Community Health Needs
- Overview of Implementation Strategy Requirements
- Relationship of Implementation Strategies to Other Regulatory Filings
- Communicating Health Needs Identified, but Not Addressed
Developing a Written Financial Assistance Policy
- Overview of Required FAP Components
- Comparing FAP Rules to Existing Practices
Understanding Limitations on Hospital Charges
- Summary of Methods Available to Calculate the Amounts Generally Billed
- Understanding Impact of Calculation Methodologies on Hospital Operations
Limiting Collection Activities
Addressing Noncompliance With Section 501(r) Requirements
- Consideration of Minor and Inadvertent Failures
- Understanding Conduct That Must Be Corrected and Disclosed
- Avoiding Willful and Egregious Violations
- Impact of Violations on Exempt Status and Bond Financings
Understanding Impact on Strategic Planning
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 10, 2013.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Travis F. Jackson
Jones Day
- Partner in the Boston office of Jones Day, focuses his practice on the tax and transactional needs of hospitals and health systems
- Represents hospitals in mergers and acquisitions, structures joint venture relationships among health care providers and defends hospitals under examination by the IRS and other federal or state agencies
- Assists clients with the formation of tax-exempt organizations, compliance with community benefit standards, the development of charity care policies and the implementation of best practices for corporate governance
- Worked with hospitals to understand their compliance obligations under Section 501(r), and has assisted a leading specialty hospital in the development of policies for conducting community health needs assessments
- Vice chair for Tax and Finance of the American Health Lawyers Association
- J.D. degree, University of Notre Dame
- B.A. degree, Northwestern Oklahoma State University
- Can be contacted at [email protected] or 617-449-6903
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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