Current through Register 1531, September 27, 2024
(1)
General Reporting Requirements. Each Acute Hospital,
Physician Organization, and their Parent Organization shall file financial data
as required by CHIA, as detailed in
957 CMR
9.07(2) and (3) Each entity
shall submit the required data electronically in accordance with CHIA's
instructions or administrative bulletins.
Standardized Financial Filing
Requirements. For Acute Hospitals and Parent Organizations,
standardized filings shall include a balance sheet and a statement of
operations. For Physician Organizations, standardized financial filings shall
include a statement of operations. CHIA may request additional information
regarding the financial condition of the Parent Organization, Acute Hospital,
or the Physician Organization if necessary.
(2)
Quarterly Standardized
Financial Filing.
(a)
Reporting Requirements. Each Acute Hospital, Physician
Organization, and their Parent Organization shall submit Standardized Financial
Filings for the first three quarters of the entity's fiscal year. Entities
shall report cumulative year-to-date financial information ending with the most
recently completed fiscal quarter.
(b)
Due Dates.
Quarterly Standardized Financial Filing shall be filed within 45 days after the
end of each quarter. CHIA may, for cause, extend the filing date in a response
to a written request for an extension of time. CHIA may note in its
publications the name of an entity that either failed to meet the filing
deadline, or that requested and received an extension of the filing
date.
(3)
Annual Standardized Financial Filing.
(a)
Reporting
Requirements. In addition to the reporting requirements in
957 CMR
9.07(2), each Acute
Hospital, Physician Organization, and their Parent Organization shall submit an
Annual Standardized Financial Filing for its fiscal year, which must reconcile
with Audited Financial Statements or Consolidating Schedules filed pursuant to
957 CMR
9.05(1). If the data in the
Annual Standardized Financial Filing differs from information in the Audited
Financial Statements and consolidating schedules, reconciliations must be
provided electronically. Each Acute Hospital, Physician Organization, and their
Parent Organization must report any subsequent changes to its Audited Financial
Statements.
(b)
Due
Date. Annual Standardized Financial Filings shall be filed
electronically within 100 days of the end of the fiscal year.
