Catalog Number : agn1543
Title : Executive Compensation & Excess Benefits
Speaker : Carl P. Bowman

Webplay Recording Date : 10-14-2008
Webplay Price : $ 195 for two weeks viewing

Webinar Presenter: Carl P. Bowman, Kirk H. Doan, Megan L. Gerriets, Wayne B. Henry, Patricia A. Zeig

Webinar Title: Executive Compensation and Excess Benefits

Webinar Overview:

Tax-exempt hospitals have been, and will continue to be, the centerpiece of a national debate questioning the propriety of their tax-exempt status granted by the federal government. Recent compliance analysis has been intense and gone beyond merely collecting information on the amount of charity care provided by tax-exempt hospitals. Compliance analysis include such special projects as review by the IRS of hospitals’ governance, compensation practices and compliance with their community benefit obligations, community needs assessments and more. Final reports are still expected in many of these areas. The revised IRS Form 990 along with its many schedules are additional evidence of the added scrutiny and the extensive information gathering exempt hospitals are faced with, all aimed at assessing compliance and determining what, if any, further changes are needed. This focus is not going away and will, in fact, only increase. Each exempt hospital must be aware of its obligations and be able to effectively assess whether corrective steps are needed.

This series of programs will familiarize participants with five key areas of compliance. Participants will gain an understanding of the origins of the community benefit obligations and receive information on what are current requirements. Participants will be able to identify governance practices that help solidify exemption, learn what are considered “best practices” and be able to objectively look at what is going on in their organizations to determine if changes are needed. In addition, participants will receive information on what constitutes an excess benefit and learn what steps can be taken to position the hospital to qualify for a reputable presumption that a transaction is reasonable. A review of executive compensation and joint venture practices will be provided, all aimed at providing participants with the information to enable them to assess these transactions to limit risk to the hospital’s exempt status.

Free Toolkit*

In addition, for each registered phone connection, participants will receive a Self Assessment Guide for Tax-Exempt Hospitals (SAG) CD covering all five areas and containing step-by-step guidance on how to internally assess the organizations compliance with the Internal Revenue Code, IRS pronouncements and other applicable legal rulings. Each program of the series, like each chapter of the SAG, takes an in-depth look at the requirements, provides a common sense analysis and directs the user through a meaningful process to assess if the hospital is meeting its obligations.

NOTE:   FREE TOOL KIT

*For each registered phone connection, participants will receive a Self Assessment Guide for Tax-Exempt Hospitals (SAG) CD covering all five areas and containing step-by-step guidance on how to internally assess the organizations compliance with the Internal Revenue Code, IRS pronouncements and other applicable legal rulings.  It is not necessary to register for the entire series to receive the free tool kit.

Webinar Objectives:

• Know what governance practices are suggested and what are considered best practices for tax-exempt hospitals
• Have a clear understanding of the current community benefit obligations for tax-exempt hospitals so that the community benefit report appropriately addresses the expectations and requirements of continued exemption;
• Understand the meaning of an excess benefit transaction and gain insight on what steps can be taken to position the hospital within the presumption of reasonableness
• Know what falls within the definition of executive compensation, including items other than salary, and gain an understanding on how to avoid private benefit or private inurnment
• Understand how to fundamentally structure business activities with private individuals, including members of the hospital’s medical staff, to protect the hospital’s tax-exempt status
• Know how to perform a self-assessment of the hospital’s activities to identify areas where problems might exist and take corrective action to avoid jeopardizing the hospital’s taxexempt status
• Know how to perform a self-assessment of the hospital’s activities to identify areas where problems might exist and take corrective action to avoid jeopardizing the tax-exempt status of the hospital, its bonds and contributions.

Target Audience:  Administration, CFOs, COOs, Compliance Staff, Trustees, other management staff

Contact Hours:  This course has been approved for 1.8 Iowa Nursing Contact Hours. There is usually a reciprocal agreement between state associations to allow these to count for each state. If you have any questions, please ask your state association.