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IRS outlines how tax-exempt hospitals will meet new regs
Modern Healthcare

The Internal Revenue Service issued 94 pages of proposed regulations (PDF) outlining proposals for how to implement new requirements for tax-exempt hospitals in the Patient Protection and Affordable Care Act.

The reform law created a new section of IRS rules known as 501(r), under which hospitals must meet four new requirements in order to retain or earn tax-exempt status. Not-for-profit hospitals must now publicly post their financial assistance policies for patients, including eligibility criteria and the basis for charged amounts.

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