Bill > HB2918

This bill requires hospitals licensed in Oregon to submit quarterly reports to the Oregon Health Authority (OHA) detailing their "cash on hand", which is calculated by dividing total available assets for general expenditures by average daily operating expenses over the previous four calendar quarters. The bill defines assets as cash and cash equivalents like securities, and daily operating expenses as total operating expenses divided by 365.25 days. The OHA is authorized to create rules implementing this reporting requirement, including establishing civil penalties for hospitals that fail to comply, which would be imposed according to existing state administrative penalty standards. This reporting mandate is intended to be supplemental to other existing hospital reporting requirements and is being added to Oregon Revised Statutes (ORS) Chapter 442. The quarterly reporting will provide the state with ongoing insight into hospitals' financial liquidity and operational financial health, potentially helping state officials monitor the financial stability of healthcare institutions.

Health and Social Services

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2918