Establishes certain prescription drug data reporting requirements for hospitals.

This bill requires New Jersey hospitals to report prescription drug pricing data to the Division of Consumer Affairs. It mandates hospitals (defined as general acute care hospitals licensed under state law) to submit accurate data on drug costs, including wholesale acquisition cost, under penalty of perjury. Non-compliance could result in civil penalties starting at $10,000 for the first day of violation and increasing up to $100,000 per day. The law also authorizes audits and corrective action plans for reporting deficiencies. This directly affects hospitals and other entities required to report drug pricing data under the amended statute.