Proposed Healthcare Legislation: Effects on Tax-Exempt Organizations

Posted by Jason Greis on October 5, 2009 under Articles | Be the First to Comment

The Senate Finance Committee has completed its mark-up of the America’s Healthy Future Act of 2009 (the “Act”).  The Act currently contains certain provisions that will affect some tax-exempt organizations, but there is no way to determine whether any of these provisions will be included in final legislation enacted by Congress. Read More...

GreisGuide to LTACHs Newsletter (March 2009)

Posted by Jason Greis on March 8, 2009 under eNewsletter | Be the First to Comment

• The American Recovery and Reinvestment Act Makes Technical Corrections to the MMSEA Favorable to LTACHs;
• $15 Billion in Federal Relief Spending to Become Immediately Available for State Medicaid Programs;
• “Heard it Through the Grapevine”–EBITDA Multiples Appear to be Down for Minority Interests in LTACHs;
• Employee Free Choice Act (EFCA) Update:  Me Thinks Thou Dost Protest;
• IRS Report Provides Insight into Community Benefit and Executive Compensation Practices of Tax-Exempt Hospitals;
• News Posted in February; and
• Upcoming Events

Please click here for a .PDF copy of this Newsletter. Read More...

IRS Report Provides Insight into Community Benefit and Executive Compensation Practices of Tax-Exempt Hospitals

Posted by Jason Greis on February 15, 2009 under Articles | Read the First Comment

On February 12, 2009, the Internal Revenue Services released its long-anticipated final report (the “Report”) containing the results of a two-year study focusing on community benefit reporting practices and executive compensation practices of tax-exempt hospitals.  The results are based on a survey the IRS sent to 500 tax-exempt hospitals in May 2006, and builds on analysis of results first released by the IRS in an interim report in July 2007.  Read More...

Upcoming IRS Report to Focus on Tax-Exempt Hospital Executive Compensation

Posted by Jason Greis on January 6, 2009 under Articles | Be the First to Comment

Two of my McGuireWoods colleagues wrote the below Client Alert discussing the IRS’s continued focus on non-profit executive compensation.  Tax-exempt 501(c)(3) LTACHs should carefully follow both the legislative actions of Senate Finance Committee members Senators Charles Grassley and Senator Max Baucus, both of whom support and have promised significant changes to the way non-profit hospitals are organized and managed.  Senator Grassley and his staff released the attached document entitled “Tax-Exempt Hospitals: Discussion Draft” on June 20, 2007, which is probably instructive regarding the type of far-reaching legislation Senator Grassley is likely to propose at some point in 2009. Read More...

Charity Case Standards are Key Issue on Senator Charles Grassley’s 2009 Health Care Agenda

Posted by Jason Greis on December 29, 2008 under Articles | Be the First to Comment

Three of my colleagues recently wrote the below Client Update.  Non-profit LTACHs should closely monitor the ongoing legislative efforts of the Senate Finance Committee and its lead advocate of establishing quantitative charity care and community benefit standards, Senator Charles Grassley.  Non-profit LTACHs should also be congnizant of ongoing state and IRS activities to update financial reporting requirements for not-profit hospitals. Read More...

Genetic Information Nondiscrimination Act – Implications for Health Care Providers (7/10/08)

Posted by Jason Greis on December 8, 2008 under Articles | Be the First to Comment

On May 21, 2008, President Bush signed into law the Genetic Information Nondiscrimination Act of 2008 (GINA). The purpose of the legislation is to establish a national and uniform standard to protect the public from genetic discrimination, and to encourage individuals to take advantage of genetic testing, technologies, research, and new therapies. Read More...