Iowa Code § 135.75
Analyses and studies by department
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2026
As of January 1, 2012
1. Each hospital and each health care facility shall annually, after the close of its fiscal year, file with the department:
a. A balance sheet detailing the assets, liabilities and net worth of the hospital or health care facility;
b. A statement of its income and expenses; and
c. Such other reports of the costs incurred in rendering services as the department may prescribe.
2. Where more than one licensed hospital or health care facility is operated by the reporting organization, the information required by this section shall be reported separately for each licensed hospital or health care facility. The department shall require preparation of specified financial reports by a certified public accountant, and may require attestation of responsible officials of the reporting hospital or health care facility that the reports submitted are to the best of their knowledge and belief prepared in accordance with the prescribed methods of reporting. The department shall have the right to inspect the books, audits and records of any hospital or health care facility as reasonably necessary to verify reports submitted pursuant to this division.
3. In obtaining the reports required by this section, the department and other state agencies shall coordinate their reporting requirements.
1. The department shall from time to time undertake analyses and studies relating to hospital and health care facility costs and to the financial status of hospitals or health care facilities, or both, which are subject to the provisions of this subchapter. It shall further require the filing of information concerning the total financial needs of each individual hospital or health care facility and the resources currently or prospectively available to meet these needs, including the effect of proposals made by health systems agencies. The department shall also prepare and file such summaries and compilations or other supplementary reports based on the information filed with it as will, in its judgment, advance the purposes of this subchapter.
2. The analyses and studies required by this section shall be conducted with the objective of providing a basis for determining whether or not regulation of hospital and health care facility rates and charges by the state of Iowa is necessary to protect the health or welfare of the people of the state.
3. In conducting its analyses and studies, the department should determine whether:
a. The rates charged and costs incurred by hospitals and health care facilities are reasonably related to the services offered by those respective groups of institutions.
b. Aggregate rates of hospitals and of health care facilities are reasonably related to the aggregate costs incurred by those respective groups of institutions.
c. Rates are set equitably among all purchasers or classes of purchasers of hospital and of health care facility services.
d. The rates for particular services, supplies or materials established by hospitals and by health care facilities are reasonable. Determination of reasonableness of rates shall include consideration of a fair rate of return to proprietary hospitals and health care facilities.
4. All reports filed under this section, except privileged medical information, shall be open to public inspection.
4. All data gathered and compiled and all reports prepared under this section, except privileged medical information, shall be open to public inspection.
Referred to in
C2024, §10A.726
C2026, §135.75
Section transferred from §10A.726 in Code 2026 pursuant to directive in
Subsection 1 amended
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.