Tax Exempt Hospital Transparency Act

The Tax Exempt Hospital Transparency Act requires large and high-revenue nonprofit hospitals to submit detailed annual reports to the IRS regarding their financial assistance, community health initiatives, and operational spending. Specifically, these organizations must disclose how they address identified community health needs, the value of financial aid provided, and the numbers of applications granted or denied. The bill also mandates that larger hospitals break down their spending on quality improvement, nonclinical programs, and specific health service lines, while high-revenue facilities must report advertising costs and data related to the 340B drug discount program. These reporting requirements are designed to increase transparency for taxpayers and the public by providing concrete data on how tax-exempt hospitals use their resources and serve their communities.