§ 27-1-47.5-3 — "Indiana nonprofit hospital system"

Indiana § 27-1-47.5-3

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 47.5: Oversight of Health Care Costs

Text

(a) As used in this chapter, "Indiana nonprofit
hospital system" means a hospital that:
(1) is organized as a nonprofit corporation or a charitable trust
under Indiana law or the laws of any other state or country and
that is:
(A) eligible for tax exempt bond financing; or
(B) exempt from state or local taxes;
(2) is licensed under IC 16-21-2;
(3) filed jointly one (1) hospital audited financial statement with
the Indiana department of health in 2021; and
(4) has an annual patient service revenue of at least two billion
dollars ($2,000,000,000) based on the hospital system's 2021
audited financial statement filed with the Indiana department of
health. As used in this subdivision, "patient service revenue"
includes similar terms, including net patient service revenue and
patient care service revenue.
(b) The term does not apply to the following:
(1) A nonprofit hospital that is owned by a county.
(2) A critical access hospital that meets the criteria under 42 CFR
485.601 et seq.
(3) An independent hospital.
(4) A governmental hospital.

Legislative History

As added by P.L.203-2023, SEC.21.