Challenges to the nonprofit status of hospitals and health systems are becoming increasingly common, with attacks coming from multiple fronts. Many nonprofit hospitals and health systems are facing litigation, the results of which could be very costly.
FLB will be co-hosting a live webinar featuring Chair of our Corporate, Business & Banking Group, Marie K. McConnell and HealthCare Appraisers’ Partner, Sydney Hilzenrath, CEP, CECP to address this important topic.
November 17, 2020
12:00 p.m. – 1:00 p.m. EDT
Different levels of government require different compliance for hospitals to maintain their tax-exempt status. Federal, state and local municipalities all place requirements on nonprofit hospitals and health systems. Also, the IRS has increased enforcement efforts on ensuring that hospitals claiming tax-exempt status are qualified.
Hospitals, health systems and their counsel should be aware of, and prepare for these nonprofit tax-exempt challenges at the local, state and federal level, including establishing the reasonableness of compensation amounts for hospital executives and physicians.
Our panel will guide counsel for nonprofit hospitals and health systems on proactive measures to protect the hospital’s tax-exempt status. The panel will review current litigation between municipalities and nonprofit hospitals as well as legislative challenges. The panel will also discuss how hospitals and healthcare systems can mitigate those challenges and ensure compliance to maintain nonprofit status.
LEARNING OBJECTIVES:
This presentation will review:
- How is the IRS increasing enforcement efforts? What actions are municipalities and states taking toward nonprofit hospitals and health systems?
- How can nonprofit hospitals mitigate challenges to their tax-exempt status?
- What steps should hospitals take to ensure compliance with local, state and federal law requirements and avoid government penalties or civil liability?
