Hospital Financial Data (Florida Hospital Uniform Reporting System)
Authority
Section 408.061, F.S. gives the agency the authority to collect financial data. Rule 59E-5.102, F.A.C. authorizes the Florida Hospital Uniform Reporting System (FHURS) as the standard for reporting financial data. All hospitals reporting fiscal year reporting periods that end on or before December 31, 2009 shall use FHURS Manual Version 2005-1, July 2005; all hospitals reporting fiscal year reporting periods that end after December 31, 2009 shall use FHURS Manual Version 2010-1 January 2010.
What Is Required?
Within 120 days subsequent to the end of the fiscal year, hospitals are required to file their actual financial experience. (Section 408.061 F.S). The actual experience is defined as a prior year report in Rule 59E-5.101(21) F.A.C. The prior year report must be prepared from hospital financial data audited by a Florida licensed Certified Public Accountant using generally accepted auditing standards and accounting principals, (Rule 59E-5.201 F.A.C.). The auditor's report must contain an opinion. An audit report containing a disclaimer of opinion disqualifies the acceptance process (Section 408.07(1), (8) F.S.) & Rule 59E-5.101(21) F.A.C. Any differences between the FHURS report and the audited financial statements must be reconciled and/or explained.
Review Process
The Agency has 90 days to conduct an initial review of the prior year report (59E-5.204 F.A.C.). The report is reviewed to determine whether it is complete, conforming, and verified (59E-5.205 F.A.C.). The report is deemed complete if all forms, documentation and the auditor's report, with an opinion, have been received. The report is deemed conforming if it has been prepared in accordance with the FHURS requirements and GAAP. The report is deemed verified when the financial data are mathematically accurate, reasonable and supported.
How to File a Prior Year Actual Report-Click Here
