Join AAHAM for the 13th Annual Legislative Day – May 1-2, 2017
Short 1:24 minute video why you should attend Legislative Day
2017 Spring AAHAM Inland Empire Conference Presentations
Understanding the Core Elements of Section 501(r)
Kurt Bennion, CPA – Director at CliftonLarsonAllen Bellingham
This session covered the core elements of Section 501(r), identified changes related to financial assistance policies, charge limitations, billing, and collections, and shared ways to calculate amounts generally billed in accordance with 501(r)(5) regulations.
This is the largest change to tax exemption for hospitals in more than 40 years—under Section 501(r)of the Internal Revenue Code. This change puts an increased emphasis on preventative care and encourages hospitals to adopt a holistic approach in providing community services. Hospitals will be required to be more transparent with their patient populations by detailing their fees, their financial assistance policies, and their billing and collection policies.
Kurt Bennion is a health care Director at CliftonLarsonAllen with ten years of public accounting experience. Kurt specializes in the tax and exemption issues facing tax-exempt organizations in the health care industries. Kurt provides a technical expertise in addressing the most recent developments in laws and regulations that impact tax-exempt health care organizations. His clients primarily consist of hospitals, health systems, FQHCs, and senior living organizations. Kurt is a nationally recognized expert on 501(r). He has spoken on the topic at approximately 30 conferences across the nation and has helped over 125 hospitals and health systems comply with 501(r).