Current through 2024 Legislative Session Act Chapter 531
Section 9957 - Enforcement(a) A hospital that knowingly fails to provide information or adhere to standards, procedures, and deadlines related to the budget review process as required by this subchapter or a rule or regulation promulgated thereunder may be assessed a civil penalty of up to $500,000.(b) In the event that a hospital subject to budget approval under § 9955 of this title fails to maintain its approved budget, the Board may do any of the following: (1) Factor the amount of net revenues exceeding the budgeted amount of net revenues into the hospital's budget for the forthcoming year.(2) Allow the hospital to retain surplus funds if the surplus was achieved while the hospital stayed within its budget.(3) Allow the hospital to retain surplus funds generated primarily by volume in excess of what was projected for the year in question.(c) An order under subsection (a) of this section may be issued only after a hospital has received notice and an opportunity to be heard by the Board. Added by Laws 2023, ch. 270,s 2, eff. 6/13/2024.