Indiana Code 16-21-10-18. Interest on late payments; license revocations for payments at least 120 days overdue
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Sec. 18. (a) A hospital shall pay to the office interest on any fee that is paid eleven (11) or more days after the payment date. The interest must be applied at the same rate as the rate determined under IC 12-15-21-3(6)(A).
(1) Notify the hospital that the hospital’s license under IC 16-21 will be revoked if the fee is not paid.
(b) The office shall report to the state department of health each hospital that fails to pay the fee within one hundred twenty (120) days after the payment date. The state department shall do the following concerning a hospital described in this subsection:
Terms Used In Indiana Code 16-21-10-18
- fee: refers to the hospital assessment fee authorized by this chapter. See Indiana Code 16-21-10-2
- hospital: means either of the following:
Indiana Code 16-21-10-4
- office: refers to the office of Medicaid policy and planning established by Indiana Code 16-21-10-5
(2) Revoke the hospital’s license under IC 16-21 if the hospital fails to pay the fee. IC 4-21.5-3-8 and IC 4-21.5-4 apply to this subdivision.
As added by P.L.205-2013, SEC.214.