ACA Compliance Solutions for Hospitals with ACA-Track
Hospitals face unique challenges in managing ACA compliance due to their large, diverse workforce that includes full-time employees, part-time staff, per diem workers, and contractors. The healthcare industry’s complexity demands a sophisticated solution to ensure accurate tracking, reporting, and compliance with ACA regulations. ACA-Track provides hospitals with the tools needed to manage this complexity effectively.
The Challenges of ACA Compliance in Hospitals
Hospitals must address several key challenges when it comes to ACA compliance:
- Managing a Diverse Workforce: Healthcare organizations typically employ a mix of full-time, part-time, temporary, and contract workers, each of which requires specific eligibility tracking.
- Complex Reporting Requirements: Accurate ACA reporting for a large and diverse workforce involves navigating multiple eligibility rules and varying benefits plans across departments.
- Data Integration Across Systems: Data from various departments (HR, payroll, timekeeping) must be consolidated to ensure accurate compliance tracking and reporting.
These challenges require a robust and reliable solution that automates processes, ensures accuracy, and saves valuable time.
How ACA-Track Supports Hospitals
ACA-Track offers a comprehensive platform that simplifies ACA compliance in hospitals with its advanced features:
Employee Classification and Eligibility Management
ACA-Track enables hospitals to manage employee classifications across full-time, part-time, and variable-hour workers. The platform tracks eligibility thresholds in real time and provides proactive alerts, ensuring that compliance requirements are met promptly.
Centralized Data Integration
ACA-Track integrates data from multiple systems (HRIS, payroll, timekeeping), providing a centralized platform for managing all ACA compliance-related information. This eliminates discrepancies and ensures accurate reporting.
Customizable Reporting
Hospitals can generate customized reports to meet internal and external reporting requirements. Whether for internal audits or IRS filings, ACA-Track provides the flexibility to create the reports that best fit the hospital’s needs.
Seamless IRS Form Generation and Filing
ACA-Track automates the generation of IRS Forms 1094-C and 1095-C, calculating the required codes and ensuring compliance. Hospitals can file these forms directly with the IRS, saving time and minimizing errors.
Dedicated Compliance Support
Every hospital client receives a dedicated account manager, ensuring expert guidance on compliance, data validation, and IRS correspondence. This personalized support ensures that hospitals stay on track with ACA regulations.
Benefits for Hospitals
By using ACA-Track, hospitals can:
- Ensure accurate tracking and reporting for all types of employees, reducing the risk of non-compliance.
- Streamline administrative processes with automated data integration and form generation.
- Save time and resources with centralized compliance management and expert support.
Streamline ACA Compliance in Your Hospital with ACA-Track
ACA compliance doesn’t have to be a burden for hospitals. ACA-Track’s user-friendly platform and powerful tools make managing ACA compliance easier, allowing hospitals to focus on patient care while staying compliant with ACA regulations.
Learn more about how ACA-Track can help your hospital simplify ACA compliance and stay ahead of regulatory requirements.
