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10.37.01.00.htm 10.37.01.00. Title 10 MARYLAND DEPARTMENT OF HEALTH Subtitle 37 HEALTH SERVICES COST REVIEW COMMISSION Chapter 01 Uniform Accounting and Reporting System for Hospitals and Related Institutions Authority: Health-General Article, §19-207, 19-211, 19-212, 19-215―19-217, 19-218, 19-220, 19-224, and 19-303, Annotated Code of Maryland
10.37.01.01.htm 10.37.01.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Accounting and Reporting System for Hospitals" means the system originally adopted by the Commission in 1973 and as amended which is in effect at the time the System is referred to in these regulations. The System is also referred to as "the Rate Review System" or "the Accounting and Budget Manual for Fiscal and Operating Management"2) "Beneficial owner" mea
10.37.01.02.htm 10.37.01.02. 02 Accounting System; Hospitals.. A. The Accounting System.. 1) The accounting system set forth in the Commission's "Accounting and Reporting System for Hospitals" issued in February, 1973, shall be used by all Section 556 hospitals, with the exception of those hospitals that are a part of the Maryland Department of Health, for their fiscal year period beginning on or after April 1, 1973, and all subsequent periods.2) The "Accounting and Reporting System for Hospit
10.37.01.03.htm 10.37.01.03. 03 Reporting Requirements; Hospitals.. A. Annual Financial Statements.. 1) The following audited financial statements are required to be submitted by each Section 556 hospital, with the exception of those hospitals that are a part of the Maryland Department of Health:a) Balance Sheet―Unrestricted Funds (AUB). b) Balance Sheet―Restricted Funds (ARB). c) Statement of Change in Equity (AFB). d) Statement of Revenue and Expense (ARE). e) Statement of Change in Financial Position (AFP).
10.37.01.04.htm 10.37.01.04. 04 Accounting System: Related Institutions.. A. The Accounting System.. 1) The accounting system set forth in the Commission's "Accounting and Reporting System for Related Institutions" issued in March, 1973, shall be used by all Section 556 related institutions for their fiscal year period beginning on, or after, April 1, 1973, and all subsequent periods.2) The "Accounting and Reporting System for Related Institutions" is incorporated in these regulations as if set forth in full.
10.37.01.05.htm 10.37.01.05. 05 Reporting Requirements, Related Institutions.. A. Required Annual Reports and Statements. Each section 556 related institution shall submit annually to the Commission, within 90 days after the close of the related institution's annual accounting period (fiscal year) the following reports and statements as specified in Section III of Accounting and Reporting System for Related Institutions:1) A balance sheet (Schedule D).
10.37.01.06.htm 10.37.01.06. 06 Non-Profit Hospitals and Related Institutions: Disclosure of Interest by Trustees.. A. The Guide and Instructions. The Guide for the Trustee's Disclosure of Interest Statement and the instructions for it set forth immediately following these regulations concerning disclosure, are hereby incorporated in these regulations.B. Periods Covered by the Statement. The statement shall report all business transactions described in Health-General Article, §19-220, Annotated Code
10.37.01.07.htm 10.37.01.07. 07 Further Investigation by Commission.. In order for the Commission to be able to assure the public that the costs of a hospital are reasonable and that the reports submitted by a hospital are accurate, the Commission may, at any time, conduct an investigation of a hospital's relevant records and accounts.
10.37.01.08.htm 10.37.01.08. 08 Notification of Certain Financial Transactions.. A. General. A facility subject to the jurisdiction of the Commission shall notify the Commission, in writing, within 30 days before executing any financial transaction, contract, or other agreement that would:1) Pledge more than 50 percent of the operating assets of the facility as collateral for a loan or other obligation;2) Result in more than 50 percent of the operating assets of the facility being sold, leased, or tra
10.37.01.9999.htm 10.37.01.9999. Administrative History Effective date: April 24, 1973. Regulation .01B, C, E, F, J, and K adopted effective September 19, 1974 (1:1 Md. R. 17). Regulation .03 amended effective July 28, 1978 (5:15 Md. R. 1189). Regulation .03A, C amended effective May 4, 1979 (6:9 Md. R. 728). Regulation .03D amended effective October 29, 1975 (2:24 Md. R. 1481) May 11, 1977 (4:10 Md. R. 767). Regulation .03D, E amended effective April 7, 1978 (5:7 Md. R. 522). Regulation .03H amended e
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