Overview
The seven financial documents that acute care hospitals are required to file with the Center for Health Information and Analysis (CHIA) are listed below, with the language regarding their respective deadlines as written in Section 9.00 of Title 957 of the Code of Massachusetts Regulations (CMR).
Filing Deadlines
| Filing Requirement | Regulation |
|---|---|
| Hospital Cost Reporting | The following is stated in 957 CMR 9.04(2): (a) 1. Hospitals with a fiscal year ending between January 1st, and September 30th, shall file a Hospital Cost Report by March 1st of the following year. 2. Hospitals with a fiscal year ending between October 1st, and December 31st, shall file a Hospital Cost Report within 150 days of the [Centers for Medicare and Medicaid Services] year end. (b) A hospital may request an extension of up to two weeks after the Medicare Cost Report due date to submit the Hospital Cost Report to CHIA. |
| Audited Financial Statements | The following is stated in 957 CMR 9.05(2): Audited Financial Statements shall be filed electronically within 100 days after the end of the hospital’s fiscal year, or that of the Parent Organization if 957 CMR 9.05(1)(b) applies. |
| Medicare Cost Reporting | The following is stated in 957 CMR 9.06(1): Each Acute and Non-acute Hospital shall file electronically one copy of its Medicare 2552 Cost Report, including any Home Office Cost Reports within 150 days after the end of its fiscal year. |
| Hospital Charge Books | The following is stated in 957 CMR 9.06(2)(b): Each hospital shall file one electronic copy of its Charge book at the beginning of each fiscal year and within 30 days following each quarter in which Charges are revised. Such Charge book shall contain the Charges in effect on the last day of said quarter. |
| Quarterly Standardized Financial Filings | The following is stated in 957 CMR 9.07(2)(b): 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. |
| Annual Standardized Financial Filings | The following is stated in 957 CMR 9.07(3)(b): Annual Standardized Financial Filings shall be filed electronically within 100 days of the end of the fiscal year. |
| Top 10 Highest Compensated Employees | The following is stated in 957 CMR 9.08: (1) Each Acute Hospital shall report to CHIA the total compensation, including salary and benefits information, paid by the hospital and/or any related organization to the top ten highest compensated employees of the hospital. . . . (2) Submissions shall be filed electronically with CHIA annually by August 15th for data from the calendar year two years prior. |
| Date published: | January 3, 2025 |
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