Maryland Statutes
Part II - Health Care Facility Rate Setting
Section 19-212 - Financial Status

The Commission shall:
        (1)    Require each facility to disclose publicly:
            (i)    Its financial position; and
            (ii)    As computed by methods that the Commission determines, the verified total costs incurred and revenue generated by the facility in providing health services;
        (2)    Review for reasonableness and certify the rates and revenue of each facility;
        (3)    Keep informed as to whether a facility has enough resources to meet its financial requirements;
        (4)    Concern itself with solutions if a facility does not have enough resources;
        (5)    Assure each purchaser of health care facility services that:
            (i)    The total costs of all hospital services offered by or through a facility are reasonable;
            (ii)    The aggregate rates of the facility are related reasonably to the aggregate costs of the facility; and
            (iii)    Rates are set equitably among all purchasers of services without undue discrimination;
        (6)    Develop guidelines for the establishment of global budgets for each facility under Maryland’s all–payer model contract, including guidelines to prevent facilities from taking actions to meet a budget that the Commission determines would have adverse consequences for recipients or purchasers of services;
        (7)    Receive confirmation from Commission staff that facility global budget agreements, as they are developed, are consistent with the guidelines; and
        (8)    After review by the Commission for compliance with the guidelines, post each executed global budget agreement on the Commission’s website.

Structure Maryland Statutes