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26:2h-5.1b Conditions For Licensure Of General Hospital.

3.As a condition of licensure under P.L.1971, c.136 (C.26:2H-1 et al.), a general hospital shall:

a.provide monthly unaudited financial information and annual audited financial statements to the Department of Health, and such other financial information as the department may request; and

b.permit the Commissioner of Health, or a monitor appointed by the commissioner, as applicable, to oversee its financial operations, and, if the commissioner determines that the hospital is at risk of being in financial distress or is in financial distress based on criteria specified by regulation, participate in the development and implementation of a corrective plan to resolve the hospital's financial difficulties, pursuant to section 2 of P.L.2008, c.58 (C.26:2H-5.1a).

L.2008, c.58, s.3; amended 2012, c.17, s.160.

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Local Government
New Jersey
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Phil Murphy
Phil Murphy
January 16, 2018 -
Democratic
1-609-292-6000
125 West State Street, Trenton, NJ, 08625

Keywords
financial
hospital
health
information
statements
unaudited
based
specified
provide
distress