Friday, May 25, 2012
Word out of Minneapolis is that Mark Eustis, the CEO of Fairview Health Services, has decided to step down following the revelations regarding the debt collection practices of Accretive Health that we blogged about a few weeks ago. I sincerely hope, however, that Eustis' departure does not dissuade the IRS from revoking Fairview's tax-exempt status for violations of I.R.C. Section 501(r)(6) (and the community benefit standard of exemption in general). Frankly, it's time to make an example of someone and send a clear message to the rest of the exempt health care industry that if they expect tax-exemption, they need to act like a charity, instead of just claiming to be one.