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Marilyn Mines, RN, BC, RAC-CT, manger of clinical services at Frost, Ruttenberg, and Rothblatt was recently quoted in the September 2010 Issue of Billing Alert for Long Term Care. Click here for full article.
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Two new pieces of legislation, the "Jobs Bill" (Hiring Incentives to Restore Employment Act or HIRE) and Healthcare Reform, were recently signed into law. Our firm is closely monitoring these for the most up-to-date informationto to help you stay informed and compliant with the new legislation. Read full article here...
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In late March 2010, the Illinois Supreme Court affirmed the decision of the 4th District Appellate Court on the denial of a property tax exemption for Provena Covenant Medical Center, a not-for-profit hospital located in Urbana, Illinois.
In an excerpt from the majority opinion, the court stated that “during the period in question here, Provena Hospitals did not advertise the availability of charitable care at PCMC. …As a practical matter, there was little distinguishing the way in which Provena Hospitals dispensed its ‘charity’ from the way in which a for-profit institution would write off bad debt.”
In addition, the court noted that during 2002, the charity care provided was less than 1% of the hospital’s revenues.
While the ultimate impact of the decision to other not-for-profits is yet to be seen, in today’s environment of revenue starved municipalities organizations must be highly cognizant of their charity care policies and procedures.
For more information or if you have any questions please contact a member of our Not-For-Profit Group at 847-236-1111.
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Many community associations these days are besieged by owners who are delinquent on their assessments. That's only one recessionary woe. Boards need to be extra alert for fraud and embezzlement.
The temptations are greater than ever, said Arlen Lasinsky, a certified public accountant and director of litigation and forensic services for Frost, Ruttenberg & Rothblatt PC, in Chicago.
"The standard reasons someone commits fraud are drugs, alcohol, gambling, boyfriend, girlfriend and medical bills," he said. "Lately, with the recession, it's also to buy groceries and make the mortgage payment." Read full article.
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FR&R News 