Under IRS Scrutiny: Ensuring Compliant Hospital-Physician Compensation Plans
Audio Conference on CD or On-Demand
Presented on February 16, 2011Sponsored by HealthLeaders magazine
It’s a transparent world ... are your physician compensation plans suitable for IRS and public viewing?
"Effective governance and strong management are both necessary for the continued viability and competitive positioning of not-for-profit hospitals, especially given the uncertainty around healthcare reform and the changing healthcare environment," says Moody's Investors Service in a recently released report.
In an era of greater transparency and financial scrutiny, there can be substantial community fallout and legal penalties (civil and criminal) if hospitals or physicians violate tax or compensation regulations. As hospitals and physician practices continue the trend of merging for survival, hospital-physician integration is of growing interest to the IRS and is increasingly subject to scrutiny from regulators. Additionally, the new Form 990 disclosure requirements related to highly paid officers or employees have created an easily accessible public format for viewing executive compensation.
Fortunately, compensation pitfalls can be avoided with a solid governance approach to reviewing. Join HealthLeaders Media for this 60-minute audio conference, including Q&A, to get the analysis and strategies you need for current tax law requirements.
With this audio conference, you will gain:
- Understanding of the key concepts in governance related to physician activity (due diligence, FMV, Stark, Anti-Kickback, etc.)
- Knowledge of the new requirements of section 501(r) for charitable hospitals and section 4958 on excessive compensation
- Strategies to address IRS examination of compensation and reporting
- Specifics on why legal compliance audits are necessary before an IRS visit
- New or updated reporting and regulatory requirements (Form 990/other IRS requirements)
- IRS guidance and other actions on implementation of IRC Section 501(r)
- Schedule H of the Form 990 and new information required
- IRS audit activity
- Implications of physician integration activities (employment/contracting practice acquisition/management roles/etc.)
- Key governance issue(s) to consider with physician employment/practice acquisition
- Fair Market Value issues
- Incorporating physician compensation review into an organization’s annual executive compensation review process
- Initial Fair Market Value review (Stark, Anti-Kickback, etc.)
- Developing a formalized methodology/approach to physician governance
- Other ctivities and income that may impact 501(c)(3) status
- Importance of legal compliance audits
- Live Q&A
Milton Cerny, Counsel, McGuireWoods LLP, Washington, D.C.
Cerny represents a broad range of nonprofit organizations including hospitals, private foundations, universities, public charities, and trade associations. In this capacity, he provides advice on tax planning and legal representation on large case and team audits regarding tax controversies before the IRS, and compliance with federal requirements on governance and private foundation rules. He has extensive experience in the application of the federal tax code to nonprofit organizations. He served at the National Office of the IRS in Washington, D.C., where he was responsible for issuing private letter rulings and advising field offices on tax controversies.
Bruce Greenblatt, Principal, Sullivan, Cotter and Associates, Inc. (Philadelphia office)
With more than 15 years of consulting experience, Greenblatt advises boards and senior leadership of healthcare and other tax-exempt organizations on executive compensation programs and related governance. He has worked with health systems, freestanding hospitals, academic medical centers, community hospitals, and health plans. Greenblatt has also advised for-profit organizations on executive compensation issues. Prior to joining SullivanCotter, Greenblatt was a partner at Mercer, where he led the firm’s executive compensation segment in the U.S. Greenblatt earned his J.D. at the University of Pennsylvania Law School.
Joel Keiper, Senior Consultant, Sullivan, Cotter and Associates, Inc. (Detroit office)
Keiper consults with healthcare organizations on physician compensation matters, including fair market value analyses, competitive review, incentive program design, and compensation philosophy. Prior to joining the firm, Keiper was corporate vice president of strategic planning and business development with a major academic delivery system. Keiper also served as an executive director of consulting services with a Washington, D.C. healthcare think-tank.Keiper maintains professional memberships in the Healthcare Financial Management Association and the American College of Healthcare Executives. Keiper received both a Master of Business Administration and a Master of Health Services Administration from the University of Michigan in Ann Arbor.
WHO SHOULD ATTEND?
Chief financial officers, chief operating officers, chief executive officers, hospital administrators and financial officers, consultants, corporate counsel, board members, compensation committee members, compliance officers, strategic planning executives, physician recruiters, VPs of practice management/operations, financial directors, practice administrators and managers, physician network and executive administrators, directors of physician relations, medical staff directors
New Purchase Option—AUDIO ON–DEMAND
In addition to the regular CD purchase option for HealthLeaders Media audio conferences, we are pleased to offer a new option: on–demand. When you purchase an audio on–demand, you will be able to view the program anywhere and anytime by logging into your account on www.HealthLeadersMedia.com. It's also a perfect training tool for new staff or as a refresher for veteran staff.
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