Hospital Financial Transparency
House Bill (HB) 19-1001 Hospital Transparency Measures to Analyze Efficacy requires the Department of Health Care Policy & Financing (HCPF) to develop and publish a report on uncompensated costs of care and the different expenditures made by hospitals in the state.
In order to complete the report, the bill requires:
- Hospitals to submit historic, if available, and recent audited financial statements and Medicare cost reports to HCPF
- Hospitals to report historic and recent financial and utilization metrics, acquisition transactions, and affiliation transactions to HCPF
HB23-1226 Hospital Transparency and Reporting Requirements expands upon the legislation of HB19-1001 to create more timely submissions of data; to create additional reporting requirements on transfers of cash, profits, and reserves; to report more executive compensation; and to report mergers and acquisitions of hospitals and physicians. Additionally, HB23-1226 gives HCPF more authority to request information necessary for the report and provide corrective action plans in cases of prolonged or intentional non-compliance.
Reporting Tools
- Definitions and Descriptions for the Hospital Financial Transparency Annual Template - Effective June 2024
- Hospital Financial Transparency Annual Template - Effective October 1, 2024, for Fiscal Year 2024
- Hospital Financial Transparency Quarterly Reporting Template - Effective February 25, 2025
Submission Timeline
Reports
- 2025 Hospital Financial Transparency Report - January 2025
- 2024 Hospital Financial Transparency Report - February 2024
- 2023 Hospital Expenditure Report - January 2023
Back to: Hospital Reports Hub
Rules
- Final Rules - Effective June 30, 2024
Updates
- Hospital Quarterly Reporting Due - June 5, 2025
- CHA Regulatory Update Presentation - April 2024
- Quarterly Reporting Guidance and Stakeholder Feedback
- CHA Regulatory Update Presentation - December 2023
Other Related Programs
Contact Information
James Johnston or Austin Wozniak
hcpf_hospitaltransparency@state.co.us
Providers will be contacted through the Myers & Stauffer, LLC Hospital Information Systems Portal. Please register through the portal to receive those updates.For questions or concerns about the Hospital Information Systems Portal or templates, please include Myers & Stauffer, LLC at HFTHelpDesk@mslc.com.
The Department will contact providers through email. Please sign-up for Hospital Transparency Updates. To complete the sign-up process, enter your contact information and select the Hospital Transparency box.