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Greater Financial Transparency for Washington State’s Hospitals

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Greater financial transparency proposed for Washington state’s hospitals under a bill Gov. Jay Inslee signed into law on Monday, writes The Daily World.

Under House Bill 1272, hospitals will start reporting additional financial and patient demographic information to the state Department of Health, and submit other reports about charity care and emergency aid.  The bill passed both chambers and aspects of the new law will be implemented over the next two years.

The state Department of Health has until Jan. 1, 2023, to revise its annual financial reporting system so hospitals can submit additional expense and income information in their financial reports to the state agency.

On Jan. 1, 2023, hospitals will submit quarterly reports on submitted and completed charity care applications.  Hospitals will have until Jan. 1, 2023, to adjust their electronic health records so their patient discharge information will include more information. Finally, the state Department of Health will work with the University of Washington’s School of Nursing on a study to analyze hospital staffing and its impact on patient mortality and outcomes. The study must be completed by Sept. 1, 2022.

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