Bill > S4656

This bill modifies healthcare facility licensing and assessment regulations in New Jersey, introducing several key changes. First, it adjusts the hospital per adjusted admission charge from $10 to $12.50 starting July 1, 2025, and expands the assessment to include non-public psychiatric hospitals. The bill also modifies ambulatory care facility assessment rates, reducing the rate from 2.95% to 2.5% beginning in Fiscal Year 2026 and removing previous exemptions for certain surgical practices. Specifically, surgical practices that were previously exempt from the ambulatory care facility assessment will now be required to report their gross receipts from operating room services and will be subject to a 2.5% assessment starting in Fiscal Year 2027. Additionally, the bill maintains existing provisions for Safety Net Graduate Medical Education funding, which provides subsidies to hospitals with high Medicaid patient ratios and residency programs. The changes aim to update healthcare facility financial regulations, ensure more comprehensive reporting, and potentially generate additional revenue for healthcare-related state programs.

Budget and Finance

https://www.njleg.state.nj.us/bill-search/2024/S4656