New York, NY, February 18, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Nicholas E Smith, MHA, Manager - Health Care Consulting Practice, Wipfli LLP will speak at the Knowledge Congress’ webcast entitled: “Section 501(r)'s Financial Assistance, Limitation on Charges, and Billing and Collections Requirements Explored LIVE Webcast.” This event is scheduled for June 25, 2013 from 12:00pm – 2:00pm (ET).
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About Nicholas Smith
Nicholas Smith is a manager in the Health Care Consulting Practice of Wipfli LLP, located in the Minneapolis, Minnesota, office. He has significant experience in the health care industry, consulting on a wide variety of issues related to strategy, service line development, facility master planning, and market planning and analysis. Nicholas regularly assists hospitals and health systems to plan and execute community health needs assessments and has published and spoken nationally on the topic. He holds a master’s degree in health care administration from the University of Minnesota. Previously, Nicholas held a position at a Fortune 500 insurance corporation.
About Wipfli LLP Health Care Practice
With approximately 1,100 associates and 24 offices in the United States and India, Wipfli LLP ranks among the top 25 accounting and consulting firms in the nation. Wipfli’s health care consultants have significant experience working with hospitals and health systems, rural health clinics and critical access hospitals, medical practices, and senior living organizations in 46 states. Several of our consultants have more than 30 years of experience, including executive leadership experience in the industry.
In addition to the full complement of audit, accounting, and tax services, Wipfli has a robust consulting practice with experts in strategic, operational improvement, physician alignment and performance, reimbursement, facility and financial planning, IT evaluation/implementation, and senior services. For additional information, please visit www.wipfli.com/healthcare.
When the Supreme Court upheld the Patient Protection Affordable Care Act (PPACA) in September 2012, it marked a key turn around on the reporting obligations of tax-exempt hospitals as codified under IRC Section 501(r). Hospitals must now meet must meet the following requirements to maintain their tax exempt status:
- Community health needs assessment
- Financial assistance policy and emergency medical care policy
- Limitation on charges and
- Billing and Collections Restrictions
The Knowledge Group has assembled a panel of thought leaders to provide an in-depth discussion on how tax-exempt hospitals can comply with the complicated tax reporting requirements to help them maintain their nonprofit status. In addition, speakers will share case studies, regulatory updates and effective strategies to meet the above mentioned requirements. A Live interaction with the audience in a question and answer format is also included in this event.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org