(a) (1) After public hearings and consultation with any appropriate advisory committee, the Commission shall adopt, by rule or regulation, a uniform accounting and financial reporting system that:
(i) Includes any cost allocation method that the Commission determines; and
(ii) Requires each facility to record its income, revenues, assets, expenses, outlays, liabilities, and units of service.
(2) Each facility shall adopt the uniform accounting and financial reporting system.
(b) In conformity with this subtitle, the Commission may allow and provide for modifications in the uniform accounting and financial reporting system to reflect correctly any differences among facilities in their type, size, financial structure, or scope or type of service.
Structure Maryland Statutes
Title 19 - Health Care Facilities
Subtitle 2 - Health Services Cost Review Commission
Part II - Health Care Facility Rate Setting
Section 19-211 - Jurisdiction of Commission
Section 19-212 - Financial Status
Section 19-214 - Hospital Uncompensated Care and Disproportionate Share Hospital Payment
Section 19-214.1 - Financial Assistance Policy
Section 19-214.2 - Debt Collection Policy
Section 19-214.3 - Violations of 19-214.1 or 19-214.2
Section 19-215 - Uniform Accounting and Financial Reporting System
Section 19-216 - Required Reports of Facilities
Section 19-217 - Notification of Certain Financial Transactions, Contracts or Agreements Required
Section 19-218 - Additional Information
Section 19-219 - Review and Approval of Costs, Rates, Quality, and Efficiency; Investigations
Section 19-220 - Rate Review and Approval Procedures
Section 19-221 - Accounting Principles for Rate Determinations
Section 19-222 - Change of Rate Structures or Charges
Section 19-223 - Fee for Closed or Delicensed Hospitals
Section 19-224 - Report of Transactions With Nonprofit Facility by Trustee, Director, or Officer
Section 19-225 - Hearings and Investigations