Indiana Code 27-1-47.5-3. “Indiana nonprofit hospital system”
(1) is organized as a nonprofit corporation or a charitable trust under Indiana law or the laws of any other state or country and that is:
Terms Used In Indiana Code 27-1-47.5-3
- Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
- governmental hospital: means an acute care hospital licensed under IC 16-21-2 that is governed by:
Indiana Code 27-1-47.5-1
- independent hospital: means a private nonprofit acute care hospital licensed under IC 16-21-2 that meets the following criteria:
Indiana Code 27-1-47.5-2
- patient service revenue: includes similar terms, including net patient service revenue and patient care service revenue. See Indiana Code 27-1-47.5-3
(B) exempt from state or local taxes;
(2) is licensed under IC 16-21-2;
(3) filed jointly one (1) hospital audited financial statement with the Indiana department of health in 2021; and
(4) has an annual patient service revenue of at least two billion dollars ($2,000,000,000) based on the hospital system’s 2021 audited financial statement filed with the Indiana department of health. As used in this subdivision, “patient service revenue” includes similar terms, including net patient service revenue and patient care service revenue.
(b) The term does not apply to the following:
(1) A nonprofit hospital that is owned by a county.
(2) A critical access hospital that meets the criteria under 42 C.F.R. § 485.601 et seq.
(3) An independent hospital.
(4) A governmental hospital.
As added by P.L.203-2023, SEC.21.