Provider Care Overview - Ernst & Young - United States

Accountability and transparency are two key issues driving today’s health care providers. “The Board Report” includes suggestions and considerations for how board leadership manages these, and other challenges inherent in governance and legislative and regulatory matters. Learn more about our analysis of the opportunities and risks board members face. 

US academic medical centers (AMCs) are up against strong headwinds. Faced with constrained reimbursement, heightened regulation and shrinking access to capital in a troubled economy, they are tasked with being ever vigilant about their financial health and their reputations as premier providers of medical education, clinical research and patient care. In this paper, Ernst and Young takes a closer look at the most pressing issues facing AMCs (pdf, 2.2mb), and summarizes the findings from two forums for chief financial officers (CFOs) from 25 leading U.S. AMCs.

The penalties for Private Activity noncompliance can be severe, including loss of tax-exempt status. The new Schedule K drafted in a redesigned IRS Form 990 could increase the information you're required to report about your exempt bonds. Learn what can put your compliance at risk, and about our coordinated approach to post-issuance requirements associated with tax-exempt financing (pdf, 419K).

Executive compensation, tax-exempt organization reform, and changing legislation are a few key issues facing health care audit committees. Addressing the ever growing list of responsibilities can be complex, but there are ways to be proactive in promoting transparency, accountability, and integrity. Read more about this issue of “The Board Report,” prepared specifically for Audit Committee members.