The study comes as a compromise suggested by New Jersey Gov. Chris Christie and approved by the Senate. Gov. Christie partly vetoed a 2012 bill that would require for-profit hospitals to disclose what is currently confidential financial information, according to the report.
In his conditional veto, the Republican governor did say he would accept a version of the bill that doesn’t single out for-profit hospitals. The Senate agreed to that compromise Monday, according to the report.
Now, the state health department will conduct a study within six months to determine how many metrics, and which ones, for-profit and nonprofit hospitals ought to disclose. Most New Jersey hospitals are nonprofits, which are required to file a financial record of expenses and revenues with the Internal Revenue Service.
More Articles on Hospitals and Financial Transparency:
New Jersey Lawmakers Want More Transparency in For-Profit Hospital Acquisitions
Price Transparency: Why It’s an Issue & Where Hospitals Fit in
Opening Up: How Pricing Transparency Will Change Hospital Benchmarking
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