The IRS and Treasury issued final regulations on requirements described in Section 501(r) for charitable hospital organizations under the Affordable Care Act.  Effective today, the final regulations adopt, with changes, two sets of proposed regulations issued in June 2012 and April 2013.  The final regulations provide guidance on various requirements of Section 501(r), such as community health needs assessments, financial assistance policies, and limitations on charges, as well as the consequences for failing to satisfy these requirements. Additionally, the final regulations describe the type of entities that qualify as a “hospital organization” for purposes of Section 501(r).