Saturday, September 8, 2007

Important issues to consider when representing nonprofit healthcare clients

Counsel should be current on:

  • developments in state charitable trust law, including guidance from the state Attorney General on matters of governance and fiduciary duty;
  • federal tax law developments and IRS announcements concerning executive compensation, conflicts of interest, and excess benefit transactions;
  • guidance from rating agencies concerning governance for tax exempt bond issuers;
  • general developments in the standard of care for directors among nonprofit institutions that are peers of the lawyer's clients; and
  • billing and collection practices

For further readings on important considerations in representing nonprofit healthcare clients, see "Current Perspectives on Healthcare Governance: A Roundtable Discussion Among Experts: Part I"