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.
The savings of fall prevention can have a substantial impact on a hospitalâs bottom line. âGiven the rate of inpatient falls at a typical hospital in this country, a 200-bed hospital could anticipate 358 falls leading to 117 injuries and associated costs of $1.7 million dollars each year,â said DuPree. âUsing the Robust approach, though, you can expect 72 fewer injuries and $1 million in costs avoided.