Boston-based Steward Health Care System is facing $1,000 a week in penalties for failing to submit financial statements to state officials on time, according to The Boston Globe.
This isn't the first time Steward has been penalized over this issue. The for-profit health system is still yet to pay a $5,000 fine that the state levied against it last year when it failed to submit its financial information on time, according to the report.
The Massachusetts Center for Health Information and Analysis is seeking Steward's company-wide consolidated financial statements. So far, the system has submitted the financial information on its nine community hospitals but not on the parent company.
The financial documents were due in April, and the state began fining Steward $1,000 a week at the end of June. The fines now total $4,000.
A Steward spokeswoman, Brooke Thurston, told The Boston Globe, "We are in the process of completing the audit of our overall company consolidated financial statements and we will submit them when they are ready."
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