Four major healthcare organizations launched 990forhospitals.org to promote accurate and standardized reporting to the Internal Revenue Service of hospitals subsidized aid to communities, including free and discounted care. The Healthcare Financial Management Association, the American Health Lawyers Association, the Catholic Health Association and VHA created the Web site as an extension of the 990 Coalition for Hospitals, which the four launched roughly six months ago, said Laura Noble, HFMA director of thought leadership and information services.
The IRS overhauled its yearly tax record, the Form 990, for fiscal 2008. Hospitals must give detailed, uniform disclosure, starting in fiscal 2009, of their community benefits and charity care on an attachment to the Form 990. The coalition allows the four organizations to combine their relative expertise as hospitals prepare to comply with the new reporting rules, Noble said.