Hospital Reports and Financial Data

Financial Data | Performance Comparision | Disclosure Reports | Wage and Salary

Financial Data

Annual Report of Revenue, Expenses and Volume ("Annual Cost Report or Annual Filing") is the mandated reporting of every aspect of hospital financial operations based on a uniform accounting format, similar to the Medicare Cost Report. It is submitted annually, 120 days after the fiscal year ends. This report is the basis for 1) the establishment of base hospital rates; 2) alignment of rates to underlying service costs; and 3) comparisons of annual cost growth versus the nation. See the Accounting and Budget Manual for more information.

Hospitals' Audited Financial Statements are also submitted annually 120 days after the fiscal year ends. The purpose of the statements is for public disclosure and reconciliation with submitted annual cost report data. These statements are available for review at the HSCRC office.

Revenue and Volume Report is mandated reporting of hospitals billed charges and related volumes by rate center. This report is also submitted monthly, 30 days after the end of each month and is used to ensure hospital charging compliance with approved rates.