Description
This course will cover the liability and tax benefits and drawbacks of the common forms of entities available for use by health care providers, as well as the implications of the need for regulatory compliance based on the state and federal laws that regulate entities that operate within the health care industry. In addition, this course will cover the newly enacted laws and regulations relating to the Health Insurance Portability and Accountability Act of 1993 (commonly referred to as "HIPAA"), which in many cases creates new obligations and imposes significant liability on accountants who work with health care providers.
Objectives:
- To provide a working understanding of the benefits and drawbacks of the business entities commonly used by health care providers from a liability and tax perspective.
- To provide a high-level introduction to the health care laws that regulate health care entities.
- To provide an understanding of an accountant's responsibilities under HIPAA with respect to protected health information received while working with a health care provider.
The method of presentation is group-live instruction and the program level is basic. There are no prerequisites for this course nor is there any advanced preparation required.