Indiana § 16-21-6-13 Submission of audited financial statements; penalty

Indiana Statutes

§ 16-21-6-13 — Submission of audited financial statements; penalty

Indiana·Title 16 HEALTH·Art. 21 HOSPITALS·Ch. 6 Hospital Financial Disclosure Law

(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 fun

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(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.

Indiana § 16-21-6-13 (Submission of audited financial statements; penalty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.