An Act relative to transparency of hospital and health system finances

This bill requires hospitals and health systems in Massachusetts to publicly report detailed financial data, including revenues, costs, staffing expenses, debt, and patient care metrics. It directly affects acute hospitals, nursing homes, clinics, and their parent organizations, requiring them to submit standardized financial information to the state health center. Key provisions mandate annual public reports on metrics like operating margins, debt coverage ratios, uncompensated care burdens, and financial transfers between affiliated entities. The goal is to provide transparent, comparable data for third-party payers and the public to make informed healthcare decisions, without changing patient care or costs.