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§ 19-212. Disclosure of financial status by health care facility

West's Annotated Code of MarylandHealth--GeneralEffective: July 1, 2014

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, 2014
MD Code, Health - General, § 19-212
§ 19-212. Disclosure of financial status by health care facility
The Commission shall:
(1) Require each facility to disclose publicly:
(i) Its financial position; and
(ii) As computed by methods that the Commission determines, the verified total costs incurred and revenue generated by the facility in providing health services;
(2) Review for reasonableness and certify the rates and revenue of each facility;
(3) Keep informed as to whether a facility has enough resources to meet its financial requirements;
(4) Concern itself with solutions if a facility does not have enough resources;
(5) Assure each purchaser of health care facility services that:
(i) The total costs of all hospital services offered by or through a facility are reasonable;
(ii) The aggregate rates of the facility are related reasonably to the aggregate costs of the facility; and
(iii) Rates are set equitably among all purchasers of services without undue discrimination;
(6) Develop guidelines for the establishment of global budgets for each facility under Maryland's all-payer model contract, including guidelines to prevent facilities from taking actions to meet a budget that the Commission determines would have adverse consequences for recipients or purchasers of services;
(7) Receive confirmation from Commission staff that facility global budget agreements, as they are developed, are consistent with the guidelines; and
(8) After review by the Commission for compliance with the guidelines, post each executed global budget agreement on the Commission's website.

Credits

Added as Health-General § 19-210 by Acts 1982, c. 21, § 2, eff. July 1, 1982. Amended by Acts 1983, c. 583, § 2, eff. July 1, 1983; Acts 1985, c. 112, § 1, eff. June 1, 1985. Renumbered as Health-General § 19-212 and amended by Acts 1999, c. 702, § 2, eff. Oct. 1, 1999. Amended by Acts 2014, c. 263, § 1, eff. July 1, 2014.
Formerly Art. 43, § 568H.
MD Code, Health - General, § 19-212, MD HEALTH GEN § 19-212
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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