# Ohio Rev. Code § 5168.05: Submitting financial statement and cost report

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.05

## Section

- **Citation:** Ohio Rev. Code § 5168.05
- **Heading:** Submitting financial statement and cost report
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 51 / Chapter 5168 / § 5168.05

## Text

October 17, 2019 House Bill 166 - 133rd General Assembly (A) Except as provided in division (C) of this section, each hospital, on or before the first day of July of each year or at a later date approved by the medicaid director, shall submit to the department of medicaid a financial statement for the preceding calendar year that accurately reflects the income, expenses, assets, liabilities, and net worth of the hospital, and accompanying notes. A hospital that has a fiscal year different from the calendar year shall file its financial statement within one hundred eighty days of the end of its fiscal year or at a later date approved by the director. The financial statement shall be prepared by an independent certified public accountant and reflect an official audit report prepared in a manner consistent with generally accepted accounting principles. The financial statement shall, to the extent that the hospital has sufficient financial records, show bad debt and charity care separately from courtesy care and contractual allowances. (B) Except as provided in division (C) of this section, each hospital, within one hundred eighty days after the end of the hospital's cost reporting period, shall submit to the department a cost report in a format prescribed in rules adopted under section 5168.02 of the Revised Code. The department shall grant a hospital an extension of the one hundred eighty day period if the United States centers for medicare and medicaid services extends the date by which the hospital must submit its cost report for the hospital's cost reporting period. (C) The director may adopt rules under section 5168.02 of the Revised Code specifying financial information that must be submitted by hospitals for which no financial statement or cost report is available. The rules shall specify deadlines for submitting the information. Each such hospital shall submit the information specified in the rules not later than the deadline specified in the rules. Last updated July 29, 2025 at 4:17 PM

## Nearby sections

- [Ohio Rev. Code § 5168.01 § 5168.01. Hospital care assurance program definitions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.01.md)
- [Ohio Rev. Code § 5168.02 § 5168.02. Adoption of rules](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.02.md)
- [Ohio Rev. Code § 5168.03 § 5168.03. Provisions dependent on assessment as permissible health care-related tax](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.03.md)
- [Ohio Rev. Code § 5168.04 § 5168.04. Program year basis of operation](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.04.md)
- [Ohio Rev. Code § 5168.05 § 5168.05. Submitting financial statement and cost report](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.05.md)
- [Ohio Rev. Code § 5168.06 § 5168.06. Annual assessment](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.06.md)
- [Ohio Rev. Code § 5168.07 § 5168.07. Requiring governmental hospitals to make intergovernmental transfers](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.07.md)
- [Ohio Rev. Code § 5168.08 § 5168.08. Preliminary determination of assessment](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.08.md)
- [Ohio Rev. Code § 5168.09 § 5168.09. Methodology to pay hospitals sufficient to expend all money in indigent care pool](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.09.md)
- [Ohio Rev. Code § 5168.10 § 5168.10. Prohibiting replacing funds appropriated for medicaid program](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.10.md)
- [Ohio Rev. Code § 5168.11 § 5168.11. Hospital care assurance program fund](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.11.md)
- [Ohio Rev. Code § 5168.13 § 5168.13. Confidentiality](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.13.md)
- [Ohio Rev. Code § 5168.14 § 5168.14. Providing basic, medically necessary hospital-level services to individuals who are residents](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.14.md)
- [Ohio Rev. Code § 5168.20 § 5168.20. Definitions for R.C. 5168.20 to 5168.28](https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.20.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T51_C5168_S5168.05. Check the current official text before relying on it. Not legal advice.