S 7901: Requires general hospitals to post publicly copies of their institutional cost reports.

  
  STATE OF NEW YORK ________________________________________________________________________ 7901 2025-2026 Regular Sessions  IN SENATE May 13, 2025 ___________ Introduced by Sen. BAILEY -- read twice and ordered printed, and when printed to be committed to the Committee on Health AN ACT to amend the public health law, in relation to general hospital cost reports The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 2807 of the public health law is amended by adding 2 a new subdivision 22 to read as follows: 3 22. (a) For purposes of this subdivision, "institutional cost reports" 4 shall mean the annual financial and statistical report forms that cover 5 a consecutive twelve-month period of a general hospital's operations and 6 are submitted by general hospitals to the Centers for Medicare and Medi- 7 caid Services pursuant to 42 CFR § 413.24. 8 (b) General hospitals shall post publicly on their website, in a 9 conspicuous place, its institutional cost reports, as defined by this 10 subdivision, at the time and in the manner such institutional cost 11 reports are submitted to the Centers for Medicare and Medicaid Services, 12 which shall be on or before the last day of the fifth month following 13 the close of the period covered by such report, provided, however, that 14 for cost reports ending on a day other than the last day of the month, 15 such reports shall be due to the department one hundred fifty days after 16 the last day of the cost reporting period. 17 (c) General hospitals shall publicly post on their website, in a 18 conspicuous place, its institutional cost reports within thirty days of 19 submitting such institutional cost report to the Centers for Medicare 20 and Medicaid Services. Reports shall be publicly posted in the form and 21 manner such hospital submits them to the Centers for Medicare and Medi- 22 caid Services, regardless of whether such reports are complete or incom- 23 plete, audited or unaudited. 24 (d) Failure to publicly post such institutional cost reports in the 25 time prescribed by this subdivision shall constitute a violation of this EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11650-01-5 
 S. 7901 2 1 subdivision. Violations of this subdivision shall subject a general 2 hospital to the penalties of section twelve of this chapter for each day 3 such cost reports are not submitted to the department, and the failure 4 of a general hospital to file such institutional cost report for more 5 than one day shall be deemed a continuing and repeat violation and 6 subject such general hospital to the enhanced penalties of paragraph (b) 7 of subdivision one of section twelve of this chapter. 8 § 2. This act shall take effect immediately.