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§ 19-216. Financial reports of facilities

West's Annotated Code of MarylandHealth--GeneralEffective: July 1, 2016

West's Annotated Code of Maryland
Health--General
Title 19. Health Care Facilities (Refs & Annos)
Subtitle 2. Health Services Cost Review Commission (Refs & Annos)
Part II. Health Care Facility Rate Setting
Effective: July 1, 2016
MD Code, Health - General, § 19-216
§ 19-216. Financial reports of facilities
In general
(a) At the end of the fiscal year for a facility, at least 120 days following a merger or a consolidation, and at any other interval that the Commission sets, the facility shall file:
(1) A balance sheet that details its assets, liabilities, and net worth;
(2) A statement of income and expenses;
(3) The most recent Form 990 that the facility filed with the Internal Revenue Service; and
(4) Any other report that the Commission requires about costs incurred in providing services.
Form and certification of report
(b)(1) A report under this section shall:
(i) Be in the form that the Commission requires;
(ii) Conform to the uniform accounting and financial reporting system adopted under this subtitle; and
(iii) Be certified by the facility's certified public accountant.
(2) If the Commission requires, responsible officials of a facility also shall attest that, to the best of their knowledge and belief, the report has been prepared in conformity with the uniform accounting and financial reporting system adopted under § 19-211 of this subtitle.

Credits

Added as Health-General § 19-212 by Acts 1982, c. 21, § 2, eff. July 1, 1982. Amended by Acts 1985, c. 109, § 2, eff. June 1, 1985. Renumbered as Health-General § 19-216 and amended by Acts 1999, c. 702, § 2, eff. Oct. 1, 1999; Acts 2009, c. 398, § 1, eff. Oct. 1, 2009. Amended by Acts 2016, c. 49, § 1, eff. July 1, 2016.
Formerly Art. 43, § 568P.
MD Code, Health - General, § 19-216, MD HEALTH GEN § 19-216
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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