Vizient, Inc.January 2015 – IRS report to Congress on private tax-exempt, taxable, and government-owned hospitals
Internal Revenue ServiceJanuary 15, 2015 – Vizient regulatory summary of the IRS final rule detailing new requirements for tax-exempt hospitals related to conducting a community health needs assessment, financial assistance policies, limitations on billing and collections action
Vizient, Inc.April 9, 2014 – IRS response to Sen. Charles Grassley detailing plans for submission of report to Congress on not-for-profit hospitals.
Internal Revenue ServiceApril 4, 2014 – Letter from Sen. Charles Grassley to the IRS regarding ACA required report to Congress on not-for-profit hospitals.
Dec. 31, 2014 – IRS final rule detailing requirements for tax-exempt hospitals under section 501(r) of the tax code. Final rule details requirements related to conducting a community health needs assessment, financial assistance policies, limitations on billing and collections actions, and sanctions for noncompliance.
Dec. 30, 2013 – IRS Notice 2014-03 – Notice of Proposed Procedures for Charitable Hospitals to Correct and Disclose Failures to Meet Section 501(r) requirements and includes a process for charitable hospitals to follow to correct and disclose failures.
Dec. 30, 2013 – IRS Notice 2014-02 – Notice of Reliance on Proposed Regulations for Tax-Exempt Hospitals confirms that tax exempt organizations can rely on the proposed regulations released on June 26, 2012, and April 5, 2013, regarding charitable hospitals’ responsibilities pending the release of final regulations or further guidance.
June 26, 2012 – IRS Regulation 130266-11 – Proposed rule requiring exempt hospitals to implement financial assistance and emergency medical care policies, placing limits on the amount charged to individuals eligible for financial assistance and prohibiting extraordinary collection practices before determining if individual is eligible for financial assistanceMay 16, 2012 – Vizient Senior Vice President of Legal and Corporate Affairs Michael Regier's written testimony to the House Ways and Means Oversight Subcommittee regarding not-for-profit hospital tax exemption.