N.Y. Public Health Law § 2803-b: Uniform reports and accounting systems for hospital costs

§ 2803-b. Uniform reports and accounting systems for hospital costs.

1. The council, after public hearings with respect to its proposed

systems of uniform hospital accounting and reporting, shall, by majority

vote of its members and subject to approval of the commissioner, adopt

and amend approved systems of uniform hospital accounting and reporting

which are designed to enable hospitals to fairly, accurately and

efficiently prepare the financial reports required by subdivision three

of this section. Existing systems of accounting and reporting used by

hospitals shall be examined and taken into consideration by the council

in carrying out its function pursuant to this section. The council shall

take such steps as are necessary to adopt the approved system of uniform

hospital accounting and reporting by January first, nineteen hundred

seventy-five.

2. The council, where appropriate to reflect differences in hospital

size and services or in the method of providing or paying for hospital

and related services, may allow for modifications in the accounting

systems approved pursuant to subdivision one of this section.

3. Every organization which operates, conducts or maintains a

hospital, and the officers thereof, shall furnish to the department with

respect to each licensed hospital operated, conducted or maintained by

the organization, within one hundred twenty days after the close of each

fiscal year commencing after the adoption of systems of uniform hospital

accounting and reporting approved under subdivision one of this section,

all of the following reports on forms specified by the council:

(a) A balance sheet detailing the assets, liabilities and net worth of

the hospital at the end of its fiscal year;

(b) A statement of income, expenses, and operating surplus or deficit

for the annual period ending on the balance sheet date;

(c) A statement detailing the source of application of all funds

expended by the hospital for the period encompassed by the income

statement required by paragraph (b) of this subdivision;

(d) A report of hospital expenditures which allocates the costs of

nonrevenue-producing departments of a hospital to the other

nonrevenue-and revenue-producing centers which they serve. This report

shall be accompanied by a sufficiently detailed statistical report

containing data describing the hospital's basic services and patient

statistics which identifies costs related to categories of hospital

services delivered to patients by each department of the hospital, in

accordance with a list of such services required by the council pursuant

to subdivision one of this section.

4. The commissioner shall adopt forms of authentication for use by

hospital officers or licensed accountants preparing reports under this

section stating that each such officer or accountant making the

authentication believes that to the extent of his knowledge and

information each statement in the report is true.