2023 New York Laws › PBH - Public Health › Article 28 - Hospitals › 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.