IRS Releases Executive Summary of Hospital Compliance Project Report
The IRS on July 19 released an executive summary of the interim report on the results of its hospital compliance project, which found that uncompensated care accounted for over half of the total community benefit expenditures reported by the 487 nonprofit hospitals that responded to a questionnaire the IRS sent out in May 2006.
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Cost Cutting Strategies For Medical Practices
Today more than ever, we hear pleas from physicians around the country: “Help us cut our overhead!” To maintain their incomes in today’s managed care environment, physicians have two options: either increase revenue or cut costs. Sad but true, declining reimbursements show little hope of turning around. Therefore, physicians need to focus carefully on overhead. As practice administrators and financial advisors to medical practices, you are in a unique position to assist physicians with this need.
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CMS Seeks Data on Financial Relationships; 500 Hospitals Must Explain Physician Deals
CMS is putting hospital-physician financial relationships under a microscope, apparently driven by concern that some may be illegal, lawyers say.
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