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OnDemand Course

Reality of Reform: What Tax-Exempt Hospitals Should Know (and Do) about Section 501(r)

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.

Runtime: 98 minutes
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Why Lorman?

Over 33 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 33 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 33 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

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 33 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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Product ID: 392881
Published 2013
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