Bill > A05905

This bill aims to provide updates to the rates of payment for residential health care facilities in New York. The key provisions include: 1. Requiring the non-capital component of rates to be periodically updated, with the first update to occur no later than April 1, 2025, and subsequent updates at least every five years, using the most current cost report data. 2. Requiring the wage equalization factor and other factors used to adjust the direct and indirect statewide price components to be periodically updated, with the first update to occur no later than April 1, 2025, and subsequent updates at least every five years, based on the most current cost report data. 3. Establishing a technical assistance workgroup that includes external experts to help with the updates and associated changes to the rate-setting methodology. 4. Continuing to provide inflation adjustments for the non-capital component of rates for certain specialized facilities or units, even if such adjustments are eliminated for other residential health care facilities. 5. Giving the Commissioner of Health the authority to promulgate regulations, including a transition period, to implement the updates and associated changes to the rate-setting methodology.