Section 19-212 - Financial statusThe Commission shall:
(1) Require each facility to disclose publicly:(i) Its financial position; and(ii) As computed by methods that the Commission determines, the verified total costs incurred and revenue generated by the facility in providing health services;(2) Review for reasonableness and certify the rates and revenue of each facility;(3) Keep informed as to whether a facility has enough resources to meet its financial requirements;(4) Concern itself with solutions if a facility does not have enough resources;(5) Assure each purchaser of health care facility services that:(i) The total costs of all hospital services offered by or through a facility are reasonable;(ii) The aggregate rates of the facility are related reasonably to the aggregate costs of the facility; and(iii) Rates are set equitably among all purchasers of services without undue discrimination;(6) Develop guidelines for the establishment of global budgets for each facility under Maryland's all-payer model contract, including guidelines to prevent facilities from taking actions to meet a budget that the Commission determines would have adverse consequences for recipients or purchasers of services;(7) Receive confirmation from Commission staff that facility global budget agreements, as they are developed, are consistent with the guidelines; and(8) After review by the Commission for compliance with the guidelines, post each executed global budget agreement on the Commission's website.Amended by 2014 Md. Laws, Ch. 263,Sec. 1, eff. 7/1/2014.