Most Popular Stories
- Bill opposing health insurance mandate signed by Idaho governor
- Employed physicians' paychecks reflect a fraction of what they earn for hospitals
- Medical societies cheer over flaws found in physician rating programs
- To pass health reform, Democrats ready to enact 'Slaughter rule'
- Botched radiation treatments lead to fine for VA
- CCHIT halts ARRA certification until it can be accredited
Featured Jobs
-
Endocrinologist Job in South Carolina
StaffPointe, LLC - near Myrtle Beach, SC -
Invasive Cardiologist Job in Mississippi
StaffPointe, LLC - south, MS -
Medical Assistant
Makro Health - Pittsburgh, PA -
OB/GYN Job in North Carolina
StaffPointe, LLC - coastal, NC -
Dermatologist Job in Ohio
StaffPointe, LLC - near Toledo, OH
Events
Paid Research Reports
- Genomics, Proteomics and Metabolomics in Diagnostics: Market landscape, innovative technologies and future outlook
- Healthcare Regulatory Update: The United Arab Emirates
- Point of Care Testing: Evaluating the return to evidence based medicine, novel technologies and the competitive landscape
- Pipeline and Commercial Insight: Supportive Care in Oncology
- Mapping the Healthcare Landscape Bringing pharmaceuticals into focus
- The Gastrointestinal Market Outlook To 2014: Market dynamics, competitive landscape, emerging therapies
HOT TOPICS >> ARRA | Recovery Audit Contractors | Women in Health IT | Collections | Bond Ratings | Charity Care
Free Newsletter
FierceHealthFinance is a weekly healthcare finance update for health executives, IT managers, and financial managers. Join fellow industry insiders who get FierceHealthFinance via email for their must know healthcare finance news. Sign up today!
About | View Sample | Privacy
Latest News
Popular Topics
Whitepapers
- How "Search" is Changing Healthcare
- Improving Heart Failure Outcomes through Interactive Patient Care: The Sentara Virginia Beach General Hospital Experience
- Explaining International IT Application Leadership: Health IT
- Enterprise Security for the Healthcare Industry – Assuring Regulatory Compliance, ePHI Protection and Secure Healthcare Delivery
- Success Story: Columbia United Providers
- Addressing Regulatory Compliance in Healthcare
Provena Covenant loses state tax-exemption appeal
Though they keep soldiering on, executives with Provena Covenant Medical Center must be a little bit discouraged by this point. Last week, the state Supreme Court refused to review the state Department of Revenue's decision to yank its property tax exemption, a decision that could mean Provena owes more than $6 million. Observers say the decision may ultimately prove influential beyond the borders of Illinois, as both state and federal legislators hoping to tighten up charitable care rules for not-for-profit hospitals.
For five years, leaders with the Urbana-based non-profit hospital have been fighting to get their tax exemption back, which they lost in 2003 when the state's Department of Revenue ruled that Provena wasn't providing enough charity care. Since then, the hospital has gradually worked its way through the Illinois court system, tirelessly appealing the adverse decision that put its exemption in jeopardy. Provena went to the state Supremes after losing their case in Illinois appeals court. It's not clear whether execs are going to keep fighting--after all, the fight must have cost it more than $6 million by this point--but we'll keep you posted if it does.
To learn more about the case:
- read this Chicago Tribune article
Related Articles:
IL hospital loses high-profile tax case
Nonprofit hospitals continue to face IRS scrutiny on whether they're providing enough charity care
Provena Covenant's tax exemption in jeopardy again
Non-profit hospital tax breaks attacked by Grassley, again
Related Stories
- HCA net income climbs dramatically for Q3 '09
- Provena Covenant's tax exemption in jeopardy again
- Back from the brink: N.J. hospital out of bankruptcy
- Senators ponder varied tax increases, including non-profit hospital tax
- Tenet reports first-quarter profit
- Battle to define community benefits, minimum charity levels continues
- HFMA releases model charity-care policy for non-profits
- Case study: NV hospital collections at 1 percent
- Connecticut hospitals cite $718M in community benefit spending
- Study: Most physicians still accepting Medicare patients
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable© 2010 FierceMarkets. All rights reserved. |
![]() |





