Creeping Normality: IRS Releases Final Regulations Under Section 501(r)



The recently issued final regulations provide charitable hospitals with guidance regarding Section 501(r)’s requirements for community health needs assessments, financial assistance policies, limitations on charges, and billing and collection policies. Although the final regulations are seemingly minor in variance from the proposed regulations and prior guidance, charitable hospitals should appreciate the significance of Section 501(r)’s broader impact on their tax exemption.