§ 912.61. Annual audited financial statements.
(a) For fiscal years beginning January 1, 1988, and thereafter, a hospital and ambulatory service facility providing covered services shall file annual audited financial statements within 120 days after the close of the fiscal year.
(b) The financial statements shall be certified by an independent certified public accountant who shall render an opinion that the statements have been prepared in accordance with generally accepted accounting principles, and on the financial position, results of operations and changes in financial positions of the hospital as of and for the period then ended.
(c) The certified annual statements shall contain the following:
(1) A balance sheet detailing the assets, liabilities and net worth of the hospital or ambulatory service facility.
(2) A statement of revenue and expenses that fully discloses deductions from revenue according to contractual adjustments and other deductions.
(3) A statement of changes in financial position.
(4) Footnotes to financial statements.
(d) If more than one health care facility is operated by the reporting organization, the information required by this section shall be reported for each health care facility separately.
Source The provisions of this § 912.61 adopted January 29, 1988, effective January 30, 1988, 18 Pa.B. 459.
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