Good news for healthcare providers: New IRS guidelines give non-profit healthcare organizations greater flexibility to structure management contracts with private and for-profit entities.
Non-profit Healthcare organizations face restrictions in entering into management contracts with for-profit businesses. But the IRS has created a safe harbor which can allow 501(c)(3) tax-exempt healthcare organizations to enter into management contract agreements. The new IRS guidelines relax that federal regulation and give increased options to healthcare non-profits.
Greg Chabon provides counsel and advice to predominately privately-held businesses on a variety of transactional, corporate and commercial matters in supply chain management, healthcare transactions and mergers/acquisitions. With his business and engineering background, his practice is focused on providing creative and efficient real-world solutions to clients’ business issues. He practices in the firm’s Greensboro office.
Hilary Bowman is an attorney in Womble Carlyle’s Healthcare practice group. She works primarily with healthcare organizations on regulatory and transactional matters. Before joining Womble Carlyle, Bowman was an attorney advisor at the U.S. Department of Justice in Washington, DC. She practices in the firm’s Greensboro office.