Telemedicine and Potential
Tax Implications for
Telemedicine and remote patient monitoring has been a clinical reality and a critical component of healthcare for nearly 60 years, allowing doctors to treat patients who may be too ill to travel. The technology has expanded in scope significantly over those six decades, but despite its widespread use, the IRS has yet to issue tax guidance specific to this form of remote treatment.
To help nonprofit hospitals avoid potential audit and accounting risks, Sandra Feinsmith and Laura Kalick share best practices for addressing telemedicine unrelated business income (UBI) in a recent post on the BDO Knows Healthcare blog. In case you missed the piece, you can read all of their insights here
This article originally ran in Becker’s Hospital Review. Reprinted with permission.