Ind. Code § 27-1-47.5-3
"Indiana nonprofit hospital system"
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-1-47.5-3, "Indiana nonprofit hospital system", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1662741
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Full text
Sec. 3.
(a) As used in this chapter, "Indiana nonprofit hospital system" means a hospital that:
(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:
(A) eligible for tax exempt bond financing; or
(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 CFR 485.601 et seq.
(3) An independent hospital.
(4) A governmental hospital.