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fileSJU-FMHCO-Syllabus-Log Book-Healthcare Financial Management- 2014 (1)

Saint Joseph's University Current Reading Notes Log Book Headline Main Point of Reading Date Source 6/29/x x http://www.healthcarefinancenews.comews/studymany-nonprofit-hospitals-would-not-meet-proposedcommunity-benefit-thresholds Healthcare finance news July 27th xx Study: Many nonprofit hospitals would not meet proposed community benefit thresholds A new study of community benefit spending by Maryland's nonprofit hospitals, published in Health Affairs, suggests caution is needed before requiring that nonprofit healthcare providers spend a certain amount on activities to benefit their communities in order to retain their tax exemptions. C:\\Documents and Settings\\mainskel\\Desktop\\FINANCE\\Study_Many nonprofit hospitals would not meet proposed community benefit thresholds.pdf Gray and Schlesinger found that charity care and health professional education each account for about a third of community benefit spending by Maryland hospitals. Mission-driven health services that lose money and would not otherwise be available to the community account for about one fifth of community benefit spending. Beginning in 2010, all nonprofit hospitals in the United States will be required to file reports on community benefit spending with the Internal Revenue Service. The new reports, on Schedule H of revised form 990, will use categories that are similar to those used in Maryland. "A new era of accountability begins when nonprofit hospitals start reporting on Schedule H in 2010," the authors write. "It would be wise to defer further policy changes regarding tax exemption of nonprofit hospitals until the effects of Schedule H are seen. Given also the possibility of larger policy changes to address the problem of cost and the uninsured, we should hesitate to impose new charitable expectations."