135.74 - UNIFORM FINANCIAL REPORTING.
135.74 UNIFORM FINANCIAL REPORTING.
1. The department, after study and in consultation with any
advisory committees which may be established pursuant to law, shall
promulgate by rule pursuant to chapter 17A uniform methods of
financial reporting, including such allocation methods as may be
prescribed, by which hospitals and health care facilities shall
respectively record their revenues, expenses, other income, other
outlays, assets and liabilities, and units of service, according to
functional activity center. These uniform methods of financial
reporting shall not preclude a hospital or health care facility from
using any accounting methods for its own purposes provided these
accounting methods can be reconciled to the uniform methods of
financial reporting prescribed by the department and can be audited
for validity and completeness. Each hospital and each health care
facility shall adopt the appropriate system for its fiscal year,
effective upon such date as the department shall direct. In
determining the effective date for reporting requirements, the
department shall consider both the immediate need for uniform
reporting of information to effectuate the purposes of this division
and the administrative and economic difficulties which hospitals and
health care facilities may encounter in complying with the uniform
financial reporting requirement, but the effective date shall not be
later than January 1, 1980.
2. In establishing uniform methods of financial reporting, the
department shall consider:
a. The existing systems of accounting and reporting currently
utilized by hospitals and health care facilities;
b. Differences among hospitals and health care facilities,
respectively, according to size, financial structure, methods of
payment for services, and scope, type and method of providing
services; and
c. Other pertinent distinguishing factors.
3. The department shall, where appropriate, provide for
modification, consistent with the purposes of this division, of
reporting requirements to correctly reflect the differences among
hospitals and among health care facilities referred to in subsection
2, and to avoid otherwise unduly burdensome costs in meeting the
requirements of uniform methods of financial reporting.
4. The uniform financial reporting methods, where appropriate,
shall be structured so as to establish and differentiate costs
incurred for patient-related services rendered by hospitals and
health care facilities, as distinguished from those incurred in the
course of educational, research and other nonpatient-related
activities including but not limited to charitable activities of
these hospitals and health care facilities. Section History: Early Form
[C79, 81, § 135.74]
Referred to in § 135.78, 135.79