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Tax-Exempt Hospitals: IRS Issues Proposed Regs Under IRC 501(r) Regarding Community Health Needs Assessments

In response to Congressional concerns that there was little to distinguish a for-profit hospital from a tax-exempt nonprofit hospital, Congress enacted IRC 501(r) which mandates that tax-exempt nonprofit hospitals: 1.        Conduct community health needs assessments; 2.        Establish and disclose financial assistance policies; 3.        Limit charges to needy individuals; and 4.        Follow reasonable billing and collection […]

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