Navigation Links
TransUnion Addresses Ohio Attorney General's Concerns Surrounding Non-Profit Tax-Exempt Status
Date:2/25/2008

The Healthcare Revenue Cycle Platform helps hospitals automate charity care determination and reporting processes to support updated IRS Form 990

CHICAGO, Feb. 25 /PRNewswire/ -- The TransUnion Healthcare Revenue Cycle Platform, a solution that automates the process that assists hospitals in determining whether a patient is eligible for charity or other financial assistance, addresses many of Ohio Attorney General Marc Dann's concerns regarding state property tax exemptions for not-for-profit hospitals.

Dann recently commented at an Ohio Hospital Association meeting that he would like to better define what not-for-profit hospitals must do to maintain tax exemptions. According to an Associated Press report, Dann is interested in learning how hospitals collect unpaid medical bills, how much charity care they provide and what financial information they share with the public, among other things.

"Addressing Attorney General Dann's concerns, not-for-profit hospitals may use solutions such as TransUnion's Healthcare Revenue Cycle Platform to demonstrate the amount of charity care they provide to the communities they serve," said Marty Callahan, vice president of Healthcare Information Solutions for TransUnion. "Our platform provides hospitals with access to consumer databases and sophisticated decisioning technology to objectively qualify self-pay patients for financial assistance at the time of their medical treatment and even generate the necessary paperwork. The software also allows hospitals to proactively measure and communicate their charity care distributions on a timely basis."

Addressing this issue in December 2007, the Internal Revenue Service (IRS) introduced its updated Form 990 for tax-exempt organizations, which includes a new Schedule H designed specifically for hospitals. The form, which will go into effect in the 2009 tax year, requires not-for-profit hospitals to classify their spending for both charity care and bad debt.

"As healthcare organizations prepare for the 2009 tax year, hospitals will be able to utilize TransUnion's resources to help them retain their tax-exempt status," Callahan said.

In addition to providing access to consumer databases, TransUnion's Healthcare Revenue Cycle Platform provides the following benefits:

-- Reduces fraud resulting from invalid self-reported data, ensuring

charity care is the appropriate program for the truly needy.

Subsequently, this practice allows hospitals to capture more revenue

from third party sources that can be earmarked for community benefit.

-- Tracks, stores and provides audit-ready documentation of charity care

used to qualify for Hospital Care Assurance Program (HCAP)

reimbursement in a timely manner. HCAP is the Ohio Department of Job

and Family Services' mechanism for meeting the federal requirement to

provide additional payments to hospitals which provide a

disproportionate share of uncompensated services to the indigent and

uninsured.

-- Determines patient status for each hospital visit to eliminate the

possibility of providing charity care to those who no longer qualify

for it.

-- Eliminates the potential for quarterly/year-end surprises and provides

hospitals the ability to modify charity policies in order to stay in

compliance with state/local guidelines. Reduces staff time typically

required to capture and provide documentation.

About TransUnion

As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 4,000 employees in more than 30 countries on six continents.

http://www.transunion.com/business


'/>"/>
SOURCE TransUnion
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Columbus Regional Hospital Selects TransUnions Healthcare Revenue Cycle Platform to Improve Its Emergency Departments Registration Process and Reduce Bad Debt
2. EMH Regional Medical Center Selects TransUnions Healthcare Revenue Cycle Platform to Help Reduce Its Bad Debt
3. Milliman Expert Addresses Practical Applications of Lifestyle-Based Analytics in Risk Selection
4. CEO Addresses Georgia Business Leaders About Developing Pandemic and Business Continuity Plans
5. Linkwell Chairman & CEO Addresses the Association of Chinese Nosocomial Infections Professional Committee
6. The American Society for Aesthetic Plastic Surgery Addresses the Safety of Botox
7. ASPS Addresses Concerns Regarding BOTOX Treatments
8. New School Curriculum Addresses Rx and OTC Drug Abuse
9. First-Ever Saddleback AIDS Youth Summit Addresses a Future Without HIV On World Aids Day:
10. Computer-based Brain Training Addresses Many Ills
11. Virginia Attorney General Addresses Drunk Driving and Underage Drinking in New Radio Campaign
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... ... March 27, 2017 , ... ... weight management program at Women’s Excellence will help patients lose weight and keep ... exam. The specialists at Women's Excellence will measure BMI, body fat composition, ...
(Date:3/27/2017)... ... March 27, 2017 , ... ... nurses and supply chain professionals, will hold their first Northeast Regional AHVAP Meeting. ... Bundles.” , “Increasingly, supply chain and value analysis professionals have a ‘seat ...
(Date:3/27/2017)... ... March 27, 2017 , ... Sodium determination is ... complicated and require expert user knowledge. In a live webinar on April 11th ... simplified, yet highly accurate, determination of sodium. , It has long been known ...
(Date:3/27/2017)... ... March 27, 2017 , ... ... with opioids alone responsible for over 33,000 of the 52,404 drug-related deaths in ... Bill (AB) 1512, which proposes a tax on prescription opioids to fund drug ...
(Date:3/25/2017)... ... March 25, 2017 , ... Getting earned media coverage meaningful for ... , All through the year, Garden Media aims to provide material helpful to ... influencers and pitching client’s key messages to gain coveted media placements, Garden ...
Breaking Medicine News(10 mins):
(Date:3/27/2017)... Germany , March 27, 2017 ... over 7,000 attendees and more than 600 exhibitors ... and discover opportunities and solutions that will advance ... 6 April 2017 at the Messe Stuttgart, ... the preeminent medical technology platform showcasing the key ...
(Date:3/27/2017)... CHICAGO , March 27, 2017  A ... Educators (AADE) found that Medicare,s Competitive Bidding Program (CBP) ... diabetes testing supplies. The lack of choice forces beneficiaries ... can have dire health consequences. AADE,s ... reports by AADE and others pointing out the inherent ...
(Date:3/27/2017)... YORK , March 27, 2017 FinancialBuzz.com News ... According to a new ... North America , grew 34 percent to $6.7 billion and ... rate of (CAGR) over the next five years, from $6.7 billion in ... of Americans that will be able to purchase cannabis without a doctor,s ...
Breaking Medicine Technology: