summary
Introduced
02/06/2026
02/06/2026
In Committee
02/24/2026
02/24/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Hospital Licensing Act. Requires each hospital licensed under the Act to submit to the Department of Public Health a financial resolution plan with the specified information for the rapid and orderly resolution of finances and operations in the event of material financial distress. Establishes further reporting requirements and penalties. Includes financial resolution plans in the list of information subject to disclosure to the public from the Department. Amends the Illinois Public Aid Code. Sets forth provisions concerning financial reporting requirements for nonexempt hospitals. Provides that, if a hospital has not filed the required information within 45 days after the close of the quarterly reporting period, the Department of Healthcare and Family Services shall suspend specified authorized payments until the Department receives the required information. Provides that the Department may adopt rules, including emergency rules, necessary to implement financial reporting requirements for nonexempt hospitals. Amends the Illinois Administrative Procedure Act to authorize emergency rulemaking.
AI Summary
This bill requires all hospitals licensed in Illinois to submit a financial resolution plan to the Department of Public Health, detailing how they would manage their finances and operations during times of significant financial trouble, including plans for patient care continuity, medical record preservation, staff transitions, and potential bankruptcy or closure. These financial resolution plans will be publicly disclosed. Additionally, hospitals that are not exempt from certain assessments must submit detailed quarterly financial and utilization data to the Department of Healthcare and Family Services (DHFS), and if this information is not filed within 45 days of the reporting period's end, the DHFS will suspend authorized payments to the hospital until the required data is received. The bill also allows the DHFS to adopt emergency rules to quickly implement these financial reporting requirements, and these emergency rules will be in effect for one year.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Assigned to Human Services Committee (on 02/24/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...