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Cost Will Be Used as the Measurement Basis for Charity Care Under ASU 2010-23


 Healthcare organizations are currently required to disclose their policy for providing charity care and the level of charity care provided. Cost-basis or revenue-based methods are typically used to measure the amount of charity care.

In an effort to enhance comparability, in August 2010, the Financial Accounting Standards Board issued ASU 2010-23 which dictates that cost will be used as the single measurement basis for charity care. Cost is identified as the direct and indirect costs of providing charity care. A disclosure of the method used to identify or determine costs will need to be provided.

Read the complete update.

For further information about how this will impact your reporting requirements, please contact your J.H. Cohn engagement partner at 877-704-3500.

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This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and J.H. Cohn LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Published date: 1/5/2012

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