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FOR IMMEDIATE RELEASE

New Reporting Requirements for Non-profit Hospitals

Mount Laurel , NJ - February 2010  - In its February issue, Inside Healthcare magazine features an article by AKCG's John Moscatelli, titled “Details, Details.” In the article (available here), John addresses how changes to the Internal Revenue Service’s Form 990 reporting requirements will affect how non-profit hospitals report on and discuss their community benefit, justifying their tax-exempt status.

The new reporting requirements took effect over several years, with emphases on executive compensation and more details related to community benefit. John cautions, “Over-inflated hyperbole rooted in self-congratulatory hot air will not win the day. The more compelling argument will be clear, concise statements showing how the resources invested [in community benefit] are showing tangible, measurable, actionable results.”

NOTE: Another article by John on the same subject subsequently appeared in the May 2010 issue of ebriefing, an online publication of Directors & Boards magazine.

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