News
How new state bill could impact Vail Health

What community benefit looks like in Eagle County through Vail Health and its partners
Colorado legislators are working on a bill that could create new reporting requirements and rules around how nonprofit hospitals — of which Vail Health is one — spend toward and report “community benefit.”
“When we talk about community benefit, most hospitals in the United States operate as nonprofits, and as such are exempt from most federal, state and local taxes. This exemption is intended to be an acknowledgment of the community benefit that’s provided by the nonprofit institutions, in this case, the hospitals,” said Nico Brown, Vail Health’s chief strategy officer.
According to the bill text, these exemptions “save Colorado’s nonprofit hospitals millions of dollars of tax liability each year.”
Currently, these community benefit requirements are overseen by the Internal Revenue Service, which doesn’t specify how hospitals need to spend toward “community benefit” but does manage related requirements around how hospitals provide and account for this term.
The term “community benefit” has a broad and ever-changing scope, but generally speaks to programs and activities that respond to community needs.
READ THE FULL VAIL DAILY ARTICLE HERE >
More News
-
New!
More
James Hetfield, lead singer of Metallica, visits Ukrainian soldiers at Vail Health
When you’re in the emergency room, any surprise visitor is a welcome sight. But when it’s James Hetfield, lead singer of Metallica, then, really, “Nothing Else Matters,” at least for the moment.
-
New!
More
New community benefit law won’t alter Vail Health’s priorities
Nonprofit hospitals in Colorado that receive federal, state and local tax exemptions are expected to provide a certain amount of community benefit. And starting in August 2023, these hospitals — including Vail Health — will have new reporting requirements for how they spend toward “community benefit.”
-
New!
More
Eagle County School District hosts safe driving fairs at high schools
Over the past month, both Eagle Valley and Battle Mountain high schools hosted safe driving fairs. The fairs aimed at educating students about the importance of driving safely as well as on the perils of impaired and distracted driving.