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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
Currentness
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 April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document