N.J. Admin. Code § 8:31B-3.3

Current through Register Vol. 56, No. 19, October 7, 2024

Section 8:31B-3.3 - Uniform reporting: current costs and other financial data; sanctions for noncompliance

(a) The Commissioner shall collect and review the actual costs for the institutions as reported in accordance with the Financial Elements and Reporting rules (N.J.A.C. 8:31B-4). Costs so reported shall be subject to revision due to subsequent audits in accordance with 8:31B-3.17. Hospitals shall submit information on these forms electronically in a format compatible with Department specifications.

(b) In addition to (a) above, hospitals shall submit, on a quarterly basis, unaudited financial and utilization data to the Department. The data shall be submitted within 60 days from the end of each calendar quarter. Data required to be submitted shall be specified by the Department but shall not exceed the data included in the B-2, L-1, and L-3 forms from the New Jersey Acute Care Hospital Cost Report. Hospitals shall submit information electronically in a format compatible with Department specifications. The information shall agree with the hospital's unaudited financial statements. Except as otherwise provided in these rules, the information shall be consistent with Generally Accepted Accounting Principles (GAAP). The quarterly data submission specification can be obtained from the Director, Office of Hospital Finance and Charity Care, NJ Department of Health, PO Box 360, Trenton, NJ 08625-0360.

(c) Late submission of current cost, financial, and utilization data, as described in (b) above and 8:31B-4.6(c), will result in a penalty for each calendar day past the applicable submission date.

1. The Department will assess a civil monetary penalty, not to exceed $ 1,000 for each calendar day in which a hospital is not in compliance, for late submission of acute care hospital cost reports.

2. The Department will assess a civil monetary penalty, not to exceed $ 50.00 for each calendar day in which a hospital is not in compliance, for late submission of quarterly financial and utilization data specified in (b) above.

3. All of the specified forms, containing the required information, are necessary for a submission to be considered complete.

N.J. Admin. Code § 8:31B-3.3

Amended by 50 N.J.R. 815(a), effective 2/5/2018