Healthcare Organizations and Section 501(r) (Webinar Recording)
While many healthcare workers may be taking advantage of their summer vacations this year, healthcare tax directors may actually be working more overtime than usual. High on the to-do list of many such tax directors is implementation of the IRC Section 501(r) requirements under the Patient Protection and Affordable Care Act of 2010 relating to the community health needs assessment and related implementation strategy, financial assistance policies, limitations on patient charges, and billing and collection requirements. This session will review the latest IRS guidance on Section 501(r) and share some tips, best practices, and potential pitfalls in implementation. We also will review the IRS Form 990/Schedule H questions related to the Section 501(r) requirements. Finally, so as not to let the spotlight linger on federal government initiatives, we will talk about some analogous state initiatives that are making news.