We’ll keep you informed with industry and event news, case studies, and technology and service updates.
With the New Year fast approaching, your hospital is undoubtedly preparing for the Internal Revenue Service’s new 501(r) statute. The statute affects nonprofit hospitals that are covered by 501(c)(3) and includes community needs assessments, limitations on charges and written policies and procedures. Organizations that fail to meet the requirements outlined by the IRS may have their tax-exempt status revoked. This post will focus on the impact on your billing and collection process and is for general reference purposes only.
The Gramm-Leach-Bliley Act requires that financial institutions explain their information-sharing practices to their customers. Download more info here.
Download the file to get more information on the Fair Credit Reporting Act (November 19, 2008)