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Hospital Transparency And Reporting Requirements

Concerning transparency requirements for hospitals, and, in connection therewith, creating more timely submissions of data; providing insights into transfers of cash and profits and reserves, including those leaving Colorado; reporting on all information received; reporting information by each hospital in addition to health systems; disclosing executive compensation, including compensated incentives; reporting mergers and acquisitions of hospitals and physicians; and reporting investments in capital equipment and construction.
2023 Regular Session
Health Care & Health Insurance
Bill Summary

Current law requires the department of health care policy and financing (state department) to annually prepare a written hospital expenditure report. The bill changes the name of the report to the hospital transparency report (transparency report).

The bill adds specified information that each hospital shall report to the state department for the transparency report.

No later than July 1, 2024, the bill requires each hospital to provide specified information to the state department for previous fiscal years.

The bill authorizes the state department to impose certain enforcement mechanisms against a hospital that does not provide all of the information required to be reported to the state department.

Beginning July 1, 2024, the bill requires any patient bill to include a clear, plain language description of the services the patient is being billed for and a statement that the patient has a right to receive a detailed explanation of the services charged and who to contact to receive such information.

(Note: This summary applies to this bill as introduced.)


Under Consideration


Bill Text


Sponsor Type Legislators
Prime Sponsor

Rep. M. Soper, Rep. C. deGruy Kennedy
Sen. D. Roberts, Sen. P. Will



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