Know the effects of not-for-profit conversions.
Because Congress and the business community currently are challenging established traditions regarding hospitals' tax status, healthcare administrators considering converting a public hospital to a not-for-profit structure must understand the tax consequences of such a move. A public hospital's conversion to not-for-profit status can affect its reporting requirements, unrelated business income tax, access to tax-exempt financing, ability to attract charitable contributions, required charter and bylaw amendments, compensation flexibility, public disclosure, and the ability to reconsider a conversion decision.
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D002608:Charities / Q000331:legislation & jurisprudence; D004608:Eligibility Determination / Q000331:legislation & jurisprudence; D006779:Hospitals, Public / Q000331:legislation & jurisprudence*; D006788:Hospitals, Voluntary / Q000331:legislation & jurisprudence*; D011332:Privatization / Q000191:economics*; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States