§ 16-21-15-7 — Monitoring of hospital; costs; charges for hospital services; investment of cost savings

(a) The state department shall actively
supervise and monitor a hospital operating under a certificate of public
advantage issued under this chapter to ensure that the conduct of the
hospital furthers the purposes of this chapter.
(b) The holder of a certificate of public advantage shall pay the
reasonable costs incurred by the state department to cover the
reasonable costs of the ongoing monitoring and supervision of the
certification, including any fees for consultants and experts.
(c) A hospital operating under a certificate of public advantage may
not increase the charge for each individual service the hospital offers
by more than the increase in the preceding year's annual average of the
Consumer Price Index for Medical Care as published by the federal
Bureau of Labor Statistics.
(d) For the first five (5) years that a hospital is operating under a
certificate of public advantage the hospital must:
(1) invest the realized cost savings from the identified efficiencies
and improvements included in the certificate of public advantage
application in the areas of Indiana the hospital serves for the
benefit of the community; and
(2) summarize the realized cost savings and investments in the
hospital's annual report submitted under section 8 of this chapter.

Legislative History

As added by P.L.104-2021, SEC.2. Amended by P.L.62-2022, SEC.8; P.L.143-2022, SEC.45.