Code of Massachusetts Regulations
957 CMR - CENTER FOR HEALTH INFORMATION AND ANALYSIS
Title 957 CMR 9.00 - Hospital Financial Data Reporting Requirements
Section 9.03 - General Reporting Requirements
Current through Register 1531, September 27, 2024
(1) Required Reports for Acute and Non-acute Hospitals. Each Acute and Non-acute Hospital shall file with CHIA the following information:
(2) Required Reports for Acute Hospitals, Physician Organizations, and Parent Organizations. Each Acute Hospital, Physician Organization, and their Parent Organization shall file with CHIA standardized financial filings on a quarterly and annual basis in accordance with 957 CMR 9.07.
(3) Required Reports for Acute Hospitals Only. Each Acute Hospital shall file with CHIA compensation data for each hospital's top ten compensated employees annually in accordance with 957 CMR 9.08.
(4) Audit. Submissions under 957 CMR 9.00 may be subject to audit by CHIA in accordance with 957 CMR 9.09.
(5) Certification of Filings. Each individual that submits information in accordance with 957 CMR 9.00 on behalf of an Acute Hospital, Non-acute Hospital, Physician Organization or Parent Organization hereby represents and warrants that he or she is duly authorized and has full authority to deliver the filings. The data submitter and CHIA consent to the submitter's use of an electronic signature to certify that each filing is true, correct, and accurate.
(6) Filing Deadlines. Unless otherwise specified in 957 CMR 9.00, each Acute Hospital, Non-acute Hospital, Parent Organization and Physician Organization shall submit documentation requested by CHIA within 15 business days from the date of the request. CHIA may, for cause, extend the filing date of the requested information, in response to a written request for an extension of time.
(7) Generally Accepted Accounting Principles. All financial data submitted to CHIA in required reports must be in accordance with current Generally Accepted Accounting Principles (GAAP) as issued by the Financial Accounting Standards Board (FASB), or other appropriate accounting standards given the organization's governance such as the Government Accounting Standards Board (GASB) as well as general industry practice, as evidenced in the American Institute of Certified Public Accountants (AICPA) Audit and Accounting Guides of Healthcare Organizations and Not-for-profit Organizations.
