WASHINGTON, July 20 -- The House Ways & Means Committee Chairman issued the following news release:
WASHINGTON, D.C. - America's nonprofit hospitals will be more transparent with patients and taxpayers about the actual charity care they provide under legislation recently approved by the Ways and Means Committee. H.R. 9504, the Tax Exempt Hospital Transparency Act, requires hospitals that enjoy generous benefits due to their tax-exempt status to report additional details on the existing IRS Form 990, which details charity care, community health needs assessments, and facility policies. The new reporting requirements - with large tax-exempt hospitals that have more than 100 inpatient beds and/or more than $100 million in net patient revenue ...