(a) There is hereby established a fund to be known as the “Hospital Operations Fund” (Fund), which shall be maintained separate and apart from other funds of the government of Guam and independent records and accounts shall be maintained in connection therewith; (b) All moneys received by the Hospital from whatever source derived shall be deposited in said Fund and eligible banks as defined in Title 5 GCA § 21112. (c) All appropriations, if any, by I Liheslaturan Guåhan from the General Fund to the Hospital shall be transferred to the Fund on a quarterly basis upon certification by the Hospital of the need therefore; (d) All expenditures, including payments into sinking or other special accounts and debts, liabilities, obligations and operational expenses of the Hospital shall be paid from the Fund; (e) The Hospital shall report to I Maga’håga/Maga’låhi and I Liheslatura concerning administration of the affairs of the Hospital. The annual report shall be presented within one hundred twenty (120) days after the end of each fiscal year and special reports, if any, shall be presented within thirty (30) days after the end of each intervening quarter. The financial information presented in the reports shall be in accordance with the uniform system of accounting adopted by the Hospital. (f) Bi-weekly Receivables Updates. The Hospital shall post on its official website, and shall update such postings on a bi-weekly basis, a complete listing of each of its accounts receivable, aged according to established accounting practices, and further defined as follows: (1) Government receivables, billings and payments, which include amounts due and paid from the U.S. Government (Medicare), from the Government of Guam (Medicaid, Medically Indigent Program, Worker’s Compensation), and from other governments, including the various Freely Associated States. Receivables from each entity shall be individually labeled and entered. (2) Health insurance receivables, billings and payments, which include all amounts due and paid from individual private sector health insurance providers. Receivables from each entity shall be individually labeled and entered when the total amount due from each entity amounts to Ten Thousand Dollars ($10,000) or more. Receivables from entities in this category amounting to less than Ten Thousand Dollars ($10,000) shall be entered as a lump sum. (3) Self-payer receivables, billings and payments, which include amounts due and paid from entities, including individuals, corporations, organizations, or other business entities without any reference to specific names of such entities. Receivables from entities in this category shall be labeled as “Self-payer Receivables”, “Self-payer Billings”, and “Self-payer Payments”, each of which shall be entered as a lump sum. (4) All discounts granted to all payers in the reports under this Subsection (f) shall be made a part of the report.
COL 2026-06-10
(5) Nothing in this reporting mandate shall authorize the Hospital to violate the federal Health Insurance Portability and Accountability Act (HIPAA) Law. SOURCE: GC § 49010 as added by 14-029:1 (May 27, 1977). Repealed and reenacted by P.L. 19:010:IX:2 (Nov. 14, 1987), P.L. 30-190:1 (Aug. 28, 2010). Subsection (f) added by P.L. 31-036:2 (Apr. 18, 2011). 2025 NOTE: Formerly numbered § 80112. P.L. 20-017:8 (June 9, 1989) added § 80116, entitled “Insurance Coverage,” which was repealed by P.L. 24-011:2 (Mar. 21, 1997).