Overall, businesses pay close attention to their information technology infrastructure and its security. But because there is still a misguided view that IT is its own business unit, overall IT strategy is often neglected in favor of more tactical, day-to-day tasks.
In response to concerns by stakeholders that certain disclosure requirements in paragraph 820-10-50-2 of the Financial Accounting Standards Board (FASB) Accounting Standards Codification may reveal otherwise private information about nonpublic entities, the FASB has issued an Exposure Draft of a proposed amendment to Accounting Standards Update (ASU) 2011-04.
On April 3, 2013, the Internal Revenue Service (IRS) issued its second set of Proposed Regulations under Internal Revenue Code Section 501(r), which was enacted as part of the Patient Protection and Affordable Care Act of 2010. The purpose of this article is to provide a brief summary of some of the key provisions of this round of proposed regulations.
Rural America is older and is growing older faster than the rest of the country. These trends raise concerns about access in rural areas to post-acute and long-term care (LTC) services. Although rural hospitals and Critical Access Hospitals (CAHs) in particular, have historically played an important role in providing these services, there is some evidence that this is changing.
The classification of workers as independent contractors versus employees has been a troublesome issue for businesses and state agencies for many years. It has been a particularly hot issue in the construction industry, which includes a significant number of individuals who work for themselves, and also has a fairly high rate of work-related injuries. Businesses that misclassify workers as independent contractors gain a competitive advantage by avoiding the payment of worker’s compensation, federal and state unemployment insurance, and the employer’s portion of the self-employment tax.
Over the past four years, FASB has worked with members of the construction industry and other industries to develop standards that address the revenue recognition needs of the many industries having contracts with customers. In February 2013, FASB neared completion of this project with the release of decisions on several open items, as well as proposed transition dates that reaffirmed many of the 2011 exposure draft standards and changed several proposals that impact the engineering and construction industry.
We all recognize how hard medical teams work to treat patients during inpatient and outpatient hospital, SNF, CMHC, observation and partial hospital stays. But the team’s work does not end when the patient is discharged.