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.
Estimates of benefits should be based on historical data related to specific functions. For example, if the average cost of a chart pull in Anytown Hospital is $5 and the EHR can reduce 500 charts per year, the chart pull savings is $2,500 annually ($5 Ã 500).