Iowa Code 135.75 – Annual reports by hospitals, health care facilities
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1. Each hospital and each health care facility shall annually, after the close of its fiscal year, file all of the following with the department:
a. A balance sheet detailing the assets, liabilities and net worth of the hospital or health care facility.
b. A statement of its income and expenses.
c. Such other reports of the costs incurred in rendering services as the department may prescribe.
Terms Used In Iowa Code 135.75
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Department: means the Iowa department of public health. See Iowa Code 135.61
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Health care facility: means health care facility as defined in section 135C. See Iowa Code 135.61
- Hospital: means hospital as defined in section 135B. See Iowa Code 135.61
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico. See Iowa Code 152E.3
2. Where more than one licensed hospital or health care facility is operated by the reporting organization, the information required by this section shall be reported separately for each licensed hospital or health care facility. The department shall require preparation of specified financial reports by a certified public accountant, and may require attestation of responsible officials of the reporting hospital or health care facility that the reports submitted are to the best of their knowledge and belief prepared in accordance with the prescribed methods of reporting. The department shall have the right to inspect the books, audits and records of any hospital or health care facility as reasonably necessary to verify reports submitted pursuant to this subchapter.
3. In obtaining the reports required by this section, the department and other state agencies shall coordinate their reporting requirements.
4. All reports filed under this section, except privileged medical information, shall be open to public inspection.