Public Health Committee
AN ACT CONCERNING HOSPITAL BUDGET SYSTEMS
SUMMARY: Short-term acute care general hospitals and children's hospitals previously had to submit budget data to the Office of Health Care Access (OHCA) by September 1 annually for the upcoming hospital fiscal year (which begins on October 1 annually). Beginning February 28, 2004, this act instead makes the hospital submission date February 28 annually for the hospital fiscal year that began the preceding October 1. By law, the submitted budget must be approved by the hospital's governing body and include its budgeted revenue and expenses and utilization amounts for that fiscal year, and other data OHCA may require.
EFFECTIVE DATE: October 1, 2003