HealthLeaders Media Finance - January 31, 2011 | How Nonprofit Hospitals Must Prepare for IRS Changes View as a Webpage | Subscribe for Free
How Nonprofit Hospitals Must Prepare for IRS Changes
Karen Minich-Pourshadi, Senior Editor

Provisions in the Patient Protection and Affordable Care Act mandate requirements for nonprofit hospitals that wish to retain their tax-exempt status. Failure to comply can cost providers up to $50,000 in penalties. A tax expert explains how to prepare for the new rules. [Read More]

  January 31, 2011

Editor's Picks
Under IRS Scrutiny: Ensuring Compliant Hospital-Physician Comp Plans
My column only offers you the tips of the IRS iceberg. While nonprofit, tax exempt status is reason enough to keep a close watch on the nuances of these tax changes, there is one more reason—it could also affect your physician compensation plans. To learn more about that, don't miss out on the Feb. 16, live audio conference: Under IRS Scrutiny: Ensuring Compliant Hospital-Physician Compensation Plans. Cerny, along with Bruce Greenblatt and Joel Keiper, both from Sullivan, Cotter and Associates, will address these regulations and how they affect compensation planning. [Read More]
Healthcare Hiring to Continue, Albeit Slowly, in 2011
The growth in the demand for healthcare workers—though healthy when compared with the rest of the economy—slowed in the last two quarters of 2010, and likely will continue to expand at a tepid pace well into 2011. Find out what this quarterly barometer of the local market healthcare workforce may mean for your facility as the year progresses. [Read More]
To Contain Costs, Some Hospitals Tackle Patients' Non-Medical Problems
Surgeon-author Atul Gawande's latest essay in The New Yorker, "The Hot Spotters," contains an important message for providers looking to reduce costs and improve care for their most complex, troublesome, and expensive patients. Doctors and triage nurses know these so-called "frequent fliers" or "boomerang" patients, all too well. And they'd keep them out of the hospital, if only they had the resources and know-how to do so. [Read More]
Rounds: Cardiac Care Leadership for Improved Alignment and Outcomes
Join us on February 15 live from Baylor Heart and Vascular Hospital for HealthLeaders Media Rounds: Cardiac Care Leadership for Improved Alignment and Outcomes. In this extended webcast, share the lessons from executives at leading national cardiac service lines and medical groups on shared governance, clinical integration, and physician alignment. This extended webcast includes a roundtable discussion—including interactive Q&A—with successful strategies from top executives. [Register today]
Finance Forum
Healthcare Reform Technology Tips for Payers, Providers
The healthcare market is aimed at lowering costs through improved care and outcomes. To accomplish this, an electronic, interoperable, integrated delivery system is necessary in order to achieve optimal performance.

[Read More]
Sponsored Headlines
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Finance Headlines
Appeal denied: Scrushy must pay $2.8B
The Birmingham News, January 31, 2011
NY's funding delay imperils hospital projects
The (Syracuse) Post-Standard, January 31, 2011
MS state hospital workers rake in overtime pay
The Clarion-Ledger, January 31, 2011
Hospital Labor Costs Ratchet Up; Wage Growth Still Slow
HealthLeaders Media, January 28, 2011
MI Blues reward docs for enhanced access, cutting costs
The Detroit News, January 28, 2011
Finances Remain Top Concern for Hospital CEOs
HealthLeaders Media, January 28, 2011
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Healthcare Reform Spawns Daunting Regulations
The volume of new regulations required by healthcare reform legislation is daunting, but what has healthcare leaders especially concerned are the particulars, which are still under development. [Read More]
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Money Talk

Who's Up and Who's Down?

Sheridan Healthcare, Sunrise, FL
Rating: B
Outlook: Positive
Affected Debt: $160 million
Agency: Standard & Poor's Ratings Services
Remarks: Physician outsourcing provider Sheridan Healthcare Inc. will be using funds from a proposed $160 million incremental term loan B to fund acquisitions. S&P affirmed a B corporate credit and existing issue-level ratings. The outlook was revised to positive from stable, reflecting the company's more disciplined financial policy.
Audio Feature

How IRS Tax Changes Could Impact Nonprofit Hospitals:
Significant IRS tax changes are underway that could soon impact hospitals' nonprofit status. Milton Cerny, formerly with National Office of the IRS and now counsel with McGuireWoods LLP in Washington, D.C., has extensive experience in the application of the federal tax code to nonprofit organizations. He discusses what new regulations could mean for hospitals. [Listen Now]
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Feb. 15: Cardiac Care Leadership for Improved Alignment and Outcomes
Jan. 31: Proven Strategies to Market Women's Services
Jan. 25: The Power of Primary Care in an Era of Change
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