Georgia Hospitals Anxious As State Crafts Rules On Disclosing Their Finances

Nonprofit hospitals in Georgia soon will face tough new financial transparency rules, under a law passed earlier this year by the General Assembly.

The new law will require disclosure of data on executives’ compensation and the financial holdings of hospitals. The state is developing regulations on how it will be implemented, and there is considerable anxiety among Georgia hospital executives as they await the deadlines and rules about the disclosures.

Representatives of the hospital industry, citing the administrative burden and “vague” terminology in the law, suggested their own set of regulations in July “to implement the law in a fair and reasonable manner.’’