Section 9.07 - Standardized Financial Filings(1)General Reporting Requirements. Each Acute Hospital, Physician Organization, and their Parent Organization shall file financial data as required by CHIA, as detailed in 957 CMR 9.07(2) and (3) Each entity shall submit the required data electronically in accordance with CHIA's instructions or administrative bulletins. Standardized Financial Filing Requirements. For Acute Hospitals and Parent Organizations, standardized filings shall include a balance sheet and a statement of operations. For Physician Organizations, standardized financial filings shall include a statement of operations. CHIA may request additional information regarding the financial condition of the Parent Organization, Acute Hospital, or the Physician Organization if necessary.
(2)Quarterly Standardized Financial Filing.(a)Reporting Requirements. Each Acute Hospital, Physician Organization, and their Parent Organization shall submit Standardized Financial Filings for the first three quarters of the entity's fiscal year. Entities shall report cumulative year-to-date financial information ending with the most recently completed fiscal quarter.(b)Due Dates. Quarterly Standardized Financial Filing shall be filed within 45 days after the end of each quarter. CHIA may, for cause, extend the filing date in a response to a written request for an extension of time. CHIA may note in its publications the name of an entity that either failed to meet the filing deadline, or that requested and received an extension of the filing date.(3)Annual Standardized Financial Filing. (a)Reporting Requirements. In addition to the reporting requirements in 957 CMR 9.07(2), each Acute Hospital, Physician Organization, and their Parent Organization shall submit an Annual Standardized Financial Filing for its fiscal year, which must reconcile with Audited Financial Statements or Consolidating Schedules filed pursuant to 957 CMR 9.05(1). If the data in the Annual Standardized Financial Filing differs from information in the Audited Financial Statements and consolidating schedules, reconciliations must be provided electronically. Each Acute Hospital, Physician Organization, and their Parent Organization must report any subsequent changes to its Audited Financial Statements.(b)Due Date. Annual Standardized Financial Filings shall be filed electronically within 100 days of the end of the fiscal year.Adopted by Mass Register Issue 1310, eff. 4/8/2016.Amended by Mass Register Issue 1372, eff. 8/24/2018.