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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

Submission Timeline

Fiscal Year Ends

Annual Report
(121 days after FYE)

MCR Cost Report
(180 days after FYE)

Q1 Due Date
(Jan-March)

Q2 Due Date
(April-June)

Q3 Due Date
(July-Sept)

Q4 Due Date
(Oct-Dec)

March 31

8/1

9/30

Exempt (Covered by Annual Report)

9/30

12/31

3/31

June 30

11/1

12/31

6/30

Exempt (Covered by Annual Report)

12/31

3/31

October 31

3/3

4/30

6/30

9/30

Exempt (Covered by Annual Report)

3/31

December 31

5/1

6/30

6/30

9/30

12/31

Exempt (Covered by Annual Report)

Reports

Back to: Hospital Reports Hub

Rules

Updates

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.