April 13, 2017

Complying with Section 501(r) in a Post-ACA World—Focus on the Financial

Bloomberg Law
Nicole M. Elliott

Charitable hospitals, also known as Section 501 (c)(3) organizations are under new requirements, which have been effective beginning in 2016. In a post-ACA world, some charitable hospitals are wondering to what magnitude will these compliance efforts continue.

After the recent election, President Donald J. Trump signed an executive order aimed at minimizing the economic burden of the ACA. When navigating the requirements of Section 501 (r), charitable hospitals are expected to file the required information and make it available to the general public. The IRS allows hospital flexibility regarding financial assistance and the FAP-qualifying individual. Charitable hospitals need to promptly review their FAP eligibility guidelines while also considering the variety of rules and regulations under the Section 501 (r).

READ: Complying with Section 501(r) in a Post-ACA World—Focus on the Financial

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