Code Section 501(r) created a seismic shift in the tax exemption criteria for hospitals. Now that the IRS has unveiled the Final Regulations in this area of law, 501(r) compliance needs to become a focal point for tax-exempt hospitals, which must move swiftly to comply with the new requirements.
As part of Hall Render’s ongoing efforts to be on the cutting edge of knowledge and practical counsel, the firm has launched a web page dedicated to Code Section 501(r) compliance, offering clients a valuable resource. The page features links to all of Hall Render’s published advice on 501(r) compliance as well as governmental materials, such as the statute and Final Regulations and related IRS guidance.
Hall Render attorneys have deep familiarity with Code Section 501(r) and have been educating clients about the new requirements since Congress adopted the Affordable Care Act in 2010. Our attorneys have assisted hospitals in developing and properly approving and publicizing their community health needs assessments. We have worked with clients in reviewing and revising their financial assistance, emergency care and billing and collection policies while providing guidance for hospitals as they work to understand how they must limit their charges for individuals who are eligible for financial assistance.
Hall Render understands that 501(r) compliance requires a team approach. To satisfy the new requirements, a hospital will need the active involvement of numerous hospital departments, from community outreach to the billing department to the executive offices. Hall Render’s extensive knowledge of the hospital and health care industry enables our team to engage the right attorneys to find the right solutions for our clients.
For additional information about the Final Regulations and the requirements of Code Section 501(r), please contact:
- Jeff Carmichael at 317-977-1443 or jcarmichael@wp.hallrender.com;
- Calvin Chambers at 317-977-1459 or cchambers@wp.hallrender.com;
- Zachary Jacob at 317-977-1416 or zjacob@wp.hallrender.com;
- Joseph Krause at 414-721-0906 or jkrause@wp.hallrender.com;
- Joel Swider at 317-429-3638 or jswider@wp.hallrender.com; or
- Your regular Hall Render attorney.
Please visit the Hall Render 501(r) compliance page at www.hallrender.com/501r.
