The federal government has implemented three similar charity care reporting requirements designed to measure a tax-exempt hospital’s level of charity care.
During our discussions with clients and banking regulators, certain questions seem to continually arise. In order to provide you with some insight as you work with these issues at your institution, we have compiled the following list of common questions and related answers.
The Financial Accounting Standards Board (FASB) has issued two Accounting Standards Updates (ASU) which effect the reporting of comprehensive income.
Today Congress passed a 10-month extension of the 2% payroll tax cut that previously was renewed last December and scheduled to expire at this end of this month. President Obama is expected to sign the bill as early as today. This move meets the administration’s goal of leaving more money
February 2012 As life expectancy increases, so does the need for long-term care. The cost of long-term care can be significant and can quickly deplete personal assets. As you consider the purchase of a long-term care insurance policy it is important to confirm that it meets the definition of a
Compliance remains a major focus of the Department of Health and Human Services. Through CMS, the OIG and others, oversight of Medicare and Medicaid reimbursement continues unabated and, in fact, expands. This article summarizes and provides guidance on some of the recent efforts of these departments.
President Obama signed into law on February 22, 2012 the Middle Class Tax Relief and Job Creation Act of 2012 which prevented a 27.4 percent cut to Medicare physician payments that was scheduled to take effect March 1, 2012, which also freezes Medicare payment rates for physicians for the remainder of 2012. The estimated cost of the physician payment fix is $20 billion.