In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
Although fall prevention is complicated, focused efforts do pay off: The HRET HEN reported a 6 percent relative risk reduction in falls for 325 participating hospitals in 2012. That translated into an estimated $16 million in cost savings from avoided falls during the year.