Latest articles from "Healthcare Financial Management":

WASHINGTON UPDATE(March 1, 2015)

PEOPLE(March 1, 2015)

discussing cost with clinicians(March 1, 2015)

implementing a trustworthy cost-accounting model(March 1, 2015)

taking smart steps toward clinical integration(March 1, 2015)

improving revenue cycle performance in medical labs(March 1, 2015)

Medicare's 'dramatic change' in how it pays for care(March 1, 2015)

Publication: Healthcare Financial Management
Date published: February 1, 2012
Language: English
PMID: 17804
ISSN: 07350732
CODEN: HFMAD7
Journal code: HFM

HFMA, the American Hospital Association, and VHA Inc. are urging Office of Management and Budget (OMB) officials to assist in making additional changes to the recently revised IRS Form 990 Schedule H and Instructions.

IRS issued drafts of the revised form and instructions, which outline new standards for not-forprofit hospitals to keep their tax-exempt status, but did not incorporate all the necessary changes recommended by HFMA and the trade associations to make the form less burdensome.

"The healthcare industry and the healthcare finance profession have provided constructive recommendations for improvements to Schedule H forms and instructions to decrease the administrative burden of completion and improvements to the clarity around the information required," says Richard Gundling, FHFMA, CMA, vice president of healthcare financial practices at HFMA. "The OMB will hopefully respond and assist with the improvements to the form."

The revised Schedule H form, which was updated by the IRS in February, adds four new requirements for hospitals to maintain tax-exempt status. The requirements include questions regarding a hospital faculty's community health needs assessment, financial assistance policy, billing and collection, and charges for medical care.



The use of this website is subject to the following Terms of Use