- (a) As used in this section, "nonprofit hospital system" refers only to those Indiana nonprofit hospital systems described in IC 16-21-18-2 .
- (b) A nonprofit hospital system shall, before June 1 of each year, submit audited financial statements of the nonprofit hospital system to the state department for each year of the immediately preceding two (2) years.
- (c) The requirement under this section is in addition to any other reporting requirement under this title.
- (d) If a nonprofit hospital system fails to submit the audited financial statements before June 1 of any year, the state department shall fine the nonprofit hospital system ten thousand dollars ($10,000) per day for which the report is past due. A fine under this subsection shall be deposited into the payer affordability penalty fund established by IC 12-15-1-18.5 .
As added by P.L.216-2025, SEC.18.