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.
Source = 2013 Spetz J, Brown DS, Aydin C, Donaldson N. The Value of Reducing Hospital-Acquired Pressure Ulcer Prevalence: An Illustrative Analysis. The aim of this study is to assess the cost savings associated with implementing nursing approaches to prevent hospital-acquired pressure ulcers (HAPU).