Georgia nonprofit hospitals could face new financial transparency rules

Georgia nonprofit hospitals could face new disclosure requirements after the state Senate Finance Committee passed a Medicaid funding bill, according to The Atlanta Journal-Constitution.

The bill reportedly includes provisions requiring nonprofit hospitals to post detailed financial statements, patient revenue details and the location and price of their owned land.

Nonprofit hospitals would also have to disclose the amount of money they have in the bank, as well as salaries and fringe benefits of their 10 highest-paid administrators. Information from questionnaires and audits of programs would also be required, according to the Journal-Constitution.  

The disclosure requirements, part of House Bill 321, reportedly came as a surprise to some lawmakers but sparked little discussion.

A lobbyist for the Georgia Hospital Association told the Journal-Constitution that the group was examining the provisions.

 

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