The Basics of Community Benefit Accounting
Sponsored by CHA and Vizient
Feb. 14, 2017
3 – 4:30 p.m. ET
Accounting for community benefit is as rigorous a process as accounting for all other hospital activities. First developed as a recommended framework by the Catholic Health Association and now required of all tax-exempt hospitals by the Internal Revenue Service (IRS), the community benefit accounting framework marries basic accounting principles and concepts unique to community benefit.
In this webinar Keith Hearle of Verite Healthcare Consulting, author of the CHA accounting and reporting framework and advisor to the IRS on the Form 990, Schedule H for Hospitals, will review guidelines and best practices for accurately and fully accounting for and reporting community benefit.
Keith Hearle, MBA
Founder and President
Verité Healthcare Consulting, LLC
Keith Hearle is the Founder and President of Verité Healthcare Consulting, LLC. Keith has nearly 30 years of consulting, management, and policy analysis experience all focused on the healthcare field.
He began his career in the hospital finance consulting practice of KPMG Peat Marwick, then was Vice President at The Lewin Group until 1995. Prior to rejoining The Lewin Group in 1999, he was a Senior Equity Research Analyst for a California-based investment company where he evaluated pharmaceutical, medical device, and healthcare services companies for equity investment. Between 1995 and 1997, he was the Chief Financial Officer for the Public Health Division in the San Francisco Department of Health. He founded Verité Healthcare Consulting in 2006.
In 1989, he developed for the Catholic Health Association ("CHA") the first accounting and reporting framework for hospital community benefit and co-authored the CHA Social Accountability Budget. He also authored the accounting chapters (and worksheets and other materials) in the CHA Guide to Planning and Reporting Community Benefit (2006, 2008, and 2012 editions). He developed a framework for determining “What Counts as Community Benefit,” adopted by CHA in 2007 and has served on CHA’s “What Counts Task Force” since inception.
In 2008, he was asked by IRS officials to draft major sections of the Instructions to IRS Form 990, Schedule H. He continues to work with the IRS on refinements to Schedule H Instructions and changes to federal hospital tax-exemption standards.
He also was lead author of “A Form 990 Schedule H Conundrum: How Much of Your Bad Debt Might Be Charity,” published in hfm and which received the Helen Yerger/L. Vann Seawell Best Article Award for 2010.
Keith serves as faculty for the American College of Healthcare Executives, and is a frequent presenter on a variety of community benefit-related topics. He currently is Treasurer of Alexandria Neighborhood Health Services, Inc., a Federally Qualified Health Center that serves a medically underserved population in Alexandria and Arlington Counties, Virginia.
Mr. Hearle has an MBA in finance from Vanderbilt University and a BA in economics from Davidson College.