In recent weeks, both Senator Charles Grassley (R-Iowa, the former chairman and now ranking member of the U.S. Senate Committee on Finance) and the Internal Revenue Service have drawn attention to tax-exempt hospitals. Senator Grassley's recently released white paper with its proposed increased requirements for charity care as a means of preserving hospitals' tax exemption is the latest in a series of events focusing on the public value of tax-exempt status.
These proposed reforms present issues which hospital and other exempt organization managers will want to thoroughly understand. To assist hospital and other exempt organization managers in understanding these proposed reforms, Buchanan Ingersoll & Rooney is hosting a teleconference during which the firm's tax, financial services, health care and federal government relations professionals will explore issues raised by the white paper. They will also discuss ways that exempt organizations can effectively present their concerns about the proposed changes.
Bill Thomas, former Chairman, Committee on Ways and Means and Senior Advisor at Buchanan Ingersoll & Rooney, will moderate the session. Other members of the firm will bring attendees up to speed by covering these topics:
- How the Grassley White Paper proposals would affect tax-exempt organizations.
David Kempler, Shareholder, Tax Section, Buchanan Ingersoll & Rooney and Adjunct Professor of Law, American University
- How imposing Sarbanes-Oxley financial reporting would affect hospital management.
- Implementing Sarbanes-Oxley at a nonprofit health care system.
George Huber, former general counsel of the University of Pittsburgh Medical Center, Professor of Public Health, University of Pittsburgh and Consultant, Buchanan Ingersoll and Rooney
- Would the reforms influence Medicare and Medicaid reimbursement?
- Legislative outlook — Could hospital reforms be imposed?
This teleconference will be an introduction to a complex but important subject that may impact your organization. With both the IRS and a key member of Congress taking a hard look at tax-exempt hospitals, this conference will take a close look at a very significant issue.
Dial-in information: 866 285 7778 - Access code: 9714445
For additional information about the teleconference, please contact David Kempler (202 452 7946).