Most Popular Stories
- Inventor of single-electrode wireless EEG monitor named to MIT innovators list
- Smartphone boom changes physicians' relationship with technology
- Leapfrog Group calls for federal oversight of CPOE after simulation exposes errors
- Payment system helps practices cut down on bad debt
- Critics question ethics of stepped-up pharma data mining
- SPOTLIGHT: 'Breach notification' rule is inadequate to protect data, security pro says
- Leading health plan CEO paychecks
- 15 Free Healthcare Apps for the iPhone
- Aetna is best health plan, UnitedHealthcare is worst, hospital execs say
- Nurses' jobs at risk for allegedly posting patient info on Facebook
- UnitedHealthcare contracts stop making no-warning fee changes
- WI nurses fired over cell photos of X-ray
Hottest Products
Compare Top Solutions in:
Featured Jobs
-
Director of Sales for Fast Growing CA Start-up
BAM Labs, Inc. - San Jose, CA -
Pharmacist opening
CompHealth - Metropolitan area, IA
Events
- Streamlining Your Revenue Generating Service Lines
December 2 - 3 — San Francisco, CA - Northwestern Online Master of Science in Medical Informatics Program
- National Accountable Care Organization (ACO) Congress - October 25 - 27
- Healthcare Technology Centers of Excellence
September 23 - 24 — Boston, MA
Paid Research Reports
- Electronic health records: getting it right first time
- Cloud Computing Adoption In The APAC Life Sciences Industry
- Stakeholder Opinions: Ophthalmology - Leading brands under threat
- 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
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 and financial managers. Join 23,000+ industry insiders who get FierceHealthFinance via email for their must-know healthcare finance news. Sign up today!
About | View Sample | Privacy
Latest News
Top Tags
Whitepapers
- Member Correspondence: 8 Things You Need to Know
- Measuring the Impact of Healthcare Reform: the Pharmaceutical Industry
- Financing Options for Nonprofit Rural and Community Hospitals
- Out of Network Rate Setting in the Post-Ingenix Environment
- Delineation of Home Healthcare
- Success Story: Columbia United Providers
We never sell or give away your contact information. Our reader's trust comes first.
Provena Covenant's tax exemption in jeopardy again
For years now, Provena Covenant Medical Center has battled to keep its property tax exemption, after the Illinois Department of Revenue's Brian Hamer ruled that the facility's charity care contributions weren't enough to justify a property-tax exemption. At the time, Hamer noted that Provena Covenant's charity care level was less than 1 percent of its revenue in 2002. Provena had originally lost its exemption when the Champaign County Board of Review first yanked it for what it considered to be overly aggressive attempts to collect from the poor and uninsured. Since then, the case has worked its way through the state court system, with one group of appellate judges siding with Hamer and another siding with the hospital.
Now, in yet another twist, an Illinois state appeals court has ruled against Provena Covenant, reversing a lower court decision allowing it to keep its tax-exempt status. The court noted that almost all of the hospital's $115 million in revenue came from insurance companies, self-pay patients and other contractual sources. The hospital has the option to appeal to the Illinois Supreme Court if it wishes.
To learn more about the case:
- read this Chicago Tribune piece
Related Articles:
IL hospital loses high-profile tax case
Nonprofit hospitals continue to face IRS scrutiny on whether they're providing enough charity care
Related Stories
- Nonprofit hospitals should re-think endowment management
- For-profit LifePoint snapping up troubled nonprofit hospitals
- Nonprofit hospitals face pressures on tax exemptions
- Non-profit hospitals improve margins--for now
- Provena Covenant loses state tax-exemption appeal
- AHA seeks tax form adjustment for community benefit reporting
- Back from the brink: N.J. hospital out of bankruptcy
- Attacks on nonprofits' tax exemptions 'short-sighted'
- Not-for-profits could have a bleak year
- Healthcare fundraising will require entrepreneurial, global approaches
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier in MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceHealthPayer | FiercePracticeManagement | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceMedicalDevices | FierceDrugDelivery | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable© 2010 FierceMarkets. All rights reserved. |
![]() |

