Tax Developments Affecting Health Care Organizations and Investor-Owned Hospital Companies

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Several Treasury regulations, revenue procedures, and other developments have recently been released, which may have important consequences for businesses, including health care organizations. Moreover, changes in regulatory and business practices for health care organizations may also have tax implications.

In this webinar, moderated by Mark Kadzielski, Pepper partner and chair of the firm’s Health Care Services practice, Ellen McElroy and See more +

Several Treasury regulations, revenue procedures, and other developments have recently been released, which may have important consequences for businesses, including health care organizations. Moreover, changes in regulatory and business practices for health care organizations may also have tax implications.

In this webinar, moderated by Mark Kadzielski, Pepper partner and chair of the firm’s Health Care Services practice, Ellen McElroy and Clayton Garrett,* both of Pepper Hamilton’s tax practice group, will examine various recent tax developments and discuss the application and impact posed by such issues for health care organizations and investor-owned hospital companies.

Of particular concern for many, are new income tax regulations regarding the deductions and capitalization of expenditures related to tangible property. The release of these regulations also included final rules pertaining to accounting for and retirement of depreciable property, as well as proposed regulations for general asset accounts and disposition of property. With these regulations affecting all taxpayers that acquire, produce, or improve tangible property, it is important to understand how the regulations apply, and more importantly, the steps health care organizations will need to consider for compliance purposes.

In addition, other recent developments will also be discussed, including the tax implications of recent regulations affecting the treatment of supplies inventories, as well as other inventory developments. Developments regarding the nonaccrual experience method will be discussed, including the effect of Representative Camp’s tax reform proposal. Additionally, with the continued trend of bundled payments and the proposed rulemaking associated therewith, as well as the continued receipt of payments resulting from the implementation of electronic health records, the tax implications of these items will also be addressed.

Thus, the program will address a range of issues arising in this industry and the important tax considerations that necessarily follow. Health care organizations and investor owned hospital companies have unique issues, which require special tax considerations. See less -

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Topics:  ACOs, CMS, Depreciation, EHR, Healthcare Facilities, Hospitals, Medicaid, Medicare, Medicare Taxes, New Regulations, Tax Reform, U.S. Treasury

Published In: Health Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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