Are you ready for your 2024 annual report?
For many healthcare providers, the 2024 financial year brings some significant changes. One of the most significant changes is the expiry of the “pause button” that was in place in 2022 and 2023. This means that annual accounts must be submitted by 1 June 2025. In addition, modified reporting requirements are in force.
Pause button no longer applicable
For financial years 2022 and 2023, a pause button for annual reporting applied to a large group of healthcare providers. From financial year 2024 onwards, this pause button has definitely lapsed. This means that the annual accounts must be submitted to the CIBG. It is expected that around 25,000 healthcare providers will not be able to submit their annual accounts on time. The NZa has therefore published a policy rule that allows healthcare providers to apply for a postponement until 31 December 2025, if they are required to disclose an annual report for the first time under Article 40b of the Wmg. Please note that this postponement must no later than 31 March 2025 be requested.
Which companies are covered by the Wtza?
The Care Providers Entry Act (Wtza) applies to all care providers providing care financed from public funds, such as the Long-Term Care Act (Wlz), the Health Insurance Act (Zvw) and, in some cases, the Social Support Act (Wmo). This means that any institution providing care within these funding streams will have to deal with the rules of the Wtza, regardless of whether it is a legal entity. Examples include general practitioners, physiotherapists, dentists, etc.
What does the 2024 annual report look like?
Annual accounts for 2024 have different requirements depending on the size of the organisation, funding streams and legal form. According to a recent publication by SRA's Vaktechniek, a healthcare provider may have to submit three reports: the regular (comprehensive) annual financial statements for the healthcare provider's disclosure, the more concise annual financial statements according to the WMG Public Annual Reporting Regulations, and if applicable, the publication annual financial statements for the Chamber of Commerce.
Unfortunately, these changes do not ease the administrative burden the industry needs. Despite this dissatisfaction, they do require action. With timely preparation and the right support, your organisation will stay on track and compliant in the future. If you have any questions about your specific situation or need help preparing your annual accounts, please do not hesitate to contact with us.