Section 9.01: General Provisions 9.02: Definitions 9.03: General Reporting Requirements 9.04: Hospital Cost Reporting 9.05: Audited Financial Statements 9.06: Other Hospital Reporting Requirements 9.07: Standardized Financial Filings 9.08: Employee Compensation Reporting by Acute Hospitals 9.09: Audits 9.10: Compliance and Penalties 9.11: Administrative Bulletins 9.12: Nonpublic Information 9.13: Severability 9.01: General Provisions Scope and Purpose. 957 CMR 9.00 governs the financial reporting requirements for acute and non-acute hospitals, including their Parent Organization and Physician Organization(s) for the submissions of hospital cost reports, charge books, and quarterly and annual financial data filings. 9.02: Definitions All defined terms in 957 CMR 9.00 are capitalized. As used in 957 CMR 9.00, unless the context requires otherwise, the following terms shall have the following meanings: Acute Hospital. A hospital licensed under M.G.L. c. 111, § 51 which contains a majority of medical surgical, pediatric, obstetric, and maternity beds, as defined by the Department of Public Health, and the teaching hospital of the University of Massachusetts Medical School. Audited Financial Statements. A complete set of financial statements of an entity, including the notes to the financial statements, which are subject to an independent audit in accordance with The independent auditor issues an opinion as to Generally Accepted Auditing Standards (GAAS). whether or not the accompanying financial statements are presented fairly in accordance with Generally Accepted Accounting Principles (GAAP). Charge. The uniform price for each specific service within a revenue center of a hospital. CHIA. The Center for Health Information and Analysis established under M.G.L. c.12C. CMS. The federal Centers for Medicare & Medicaid Services. Consolidated Entity. A group of entities that includes a parent and all its subsidiaries presented as those of a single economic entity.
Section 9.01: General Provisions 9.02: Definitions 9.03: General Reporting Requirements 9.04: Hospital Cost Reporting 9.05: Audited Financial Statements 9.06: Other Hospital Reporting Requirements 9.07: Standardized Financial Filings 9.08: Employee Compensation Reporting by Acute Hospitals 9.09: Audits 9.10: Compliance and Penalties 9.11: Administrative Bulletins 9.12: Nonpublic Information 9.13: Severability 9.01: General Provisions Scope and Purpose. 957 CMR 9.00 governs the financial reporting requirements for acute and non-acute hospitals, including their Parent Organization and Physician Organization(s) for the submissions of hospital cost reports, charge books, and quarterly and annual financial data filings. 9.02: Definitions All defined terms in 957 CMR 9.00 are capitalized. As used in 957 CMR 9.00, unless the context requires otherwise, the following terms shall have the following meanings: Acute Hospital. A hospital licensed under M.G.L. c. 111, § 51 which contains a majority of medical surgical, pediatric, obstetric, and maternity beds, as defined by the Department of Public Health, and the teaching hospital of the University of Massachusetts Medical School. Audited Financial Statements. A complete set of financial statements of an entity, including the notes to the financial statements, which are subject to an independent audit in accordance with Generally Accepted Auditing Standards (GAAS). The independent auditor issues an opinion as to whether or not the accompanying financial statements are presented fairly in accordance with Generally Accepted Accounting Principles (GAAP). Charge. The uniform price for each specific service within a revenue center of a hospital. CHIA. The Center for Health Information and Analysis established under M.G.L. c.12C. CMS. The federal Centers for Medicare & Medicaid Services. Consolidated Entity. A group of entities that includes a parent and all its subsidiaries presented as those of a single economic entity.
957-9-proposed.docx