Eddie Phillips Speaks to GAMA About Charitable Standards for Tax-Exempt Hospitals

InsightsTax News

On. Sept. 17, 2015, Draffin & Tucker principal Eddie Phillips spoke about charitable standards for tax-exempt hospitals at Georgia Access Management Association’s annual meeting. During the presentation, Eddie discussed the final IRC Section 501(r) regulations and requirements. These regulations were published Dec. 31, 2014 and are effective for taxable years beginning after Dec. 29, 2015. The regulations are applicable to section 501(c)(3) hospital organizations and require that charitable hospitals:

  • Conduct a community health needs assessment
  • Have a written financial assistance policy (FAP)
  • Observe certain limitations on charges to FAP-eligible individuals
  • Meet the described billing and collection requirements

Eddie also gave those healthcare organizations recommended actions to ensure compliance with the new regulations including: update the board on changes to section 501(r), review and update methods used to publicize the FAP, review FAP limitation on charges with regard to under-insured patients, review all collection actions, and review and update presumptive eligibility assistance, among many others.

For more information on these charitable standards for tax-exempt hospitals and recommended actions to ensure compliance with the changes to section 501(r), please contact Eddie Phillips at ephillips@draffin-tucker.com or (404) 220-8494.