Washington, D.C., Nov. 20, 2017 (GLOBE NEWSWIRE) -- The impacts of the House and Senate tax reform bills on 501(c)(3) hospitals and health systems and other tax-exempt organizations will be explored in a November 28 webinar to be presented by the Healthcare Financial Management Association (HFMA). During the online program, Jason P. Lacey, Partner, Foulston Siefkin, LLP, and Meghan McKernan, Shareholder, Gilmore & Bell, P.C., experts from the American Bar Association’s Health Law Section, will share their insights on “Tax Reform: What Could It Mean for Your Organization?”
“If either of these bills are enacted into law, there would be a significant financial impact on tax-exempt healthcare organizations,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “Healthcare leaders should get up to speed on these fast-breaking legislative developments now. Effects could start to hit by the end of this calendar year.”
Provisions of the bills that will be addressed during the webinar include proposed repeal of the tax exemption for hospital private activity and advance refunding bonds, an excise tax on certain levels and forms of executive compensation, and changes in the deductibility of various employee benefits. Speakers will also discuss the prospects for passage of tax reform, impacts on healthcare organizations, and steps organizations should take now to prepare for potential passage of the legislation.
The webinar is designed for healthcare CEOs, chief financial officers, and other senior financial executives. It is approved for 1.0 hour of Continuing Professional Education credit. For more information, or to register for the webinar, which is scheduled for 2:00-3:00 p.m., CST, Tuesday, November 28, visit hfma.org/webinars
About HFMA
With more than 38,000 members, the Healthcare Financial Management Association (HFMA) is the nation's premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care.
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