Md. Code Ann., Health-Gen. § 19-212
Disclosure of financial status by health care facility
Effective Jul 1, 2014Added 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.State of Maryland
(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.
The Commission shall:
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.