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Lawmakers say more is required to ensure nonprofit hospitals' community benefit information is standardized, consistent and identifiable.
Atlas Health intercepts the data in the EHR and AI automatically matches patients to programs.
Non-profit health systems will be paying more to borrow money, expert says.
Revocation was verified by action letter posted on IRS website, but does not name the hospital or its location.
Supreme Court justices said Appellate Court lacked jurisdiction, sent case back to lower court for reconsideration, didn't rule on constitutionality.
New Jersey's 63 nonprofit hospitals are facing millions in new municipal fees called "Community Service Contributions" each year if bipartisan legislation co-sponsored and just introduced by State Sens. Robert Singer, Steve Sweeney and Joseph Vitale becomes law.
Nonprofit hospitals need to do more than ever to keep their tax-exempt status, as Section 501(r) of the Internal Revenue Code adds new requirements to any organization operating a licensed hospital to maintain these benefits.
For many hospitals, a sound financial assistance policy is the only way to bridge the gap between giving life-saving treatment to the patients who need it, while protecting their balance sheets from bad debt.
As patients, consumers, governments and the media are all following the money in healthcare, more scrutiny than ever is falling on executive compensation, especially for nonprofit systems and health insurers.
Hospital systems and other nonprofit healthcare institutions could soon find themselves losing long-held tax exemptions, as another major health system, New Jersey's Atlantic Health System, has lost its legal fight to avoid paying property taxes.