Bill > SB2023

This bill extends the nursing home annual assessment fee, a fee paid by nursing facilities, through June 30, 2027, and makes other related changes to how Medicaid reimbursement rates for nursing facilities are calculated. It introduces definitions for terms like "budget adjustment factor" (BAF), which is a percentage adjustment to reimbursement rates to meet budget targets, and "rebase" or "rebasing," a process of recalculating reimbursement rates based on the most recent cost reports to reflect current market prices for goods and services used by nursing homes. The bill also clarifies that the BAF will not be used to alter median cost and price calculations when establishing a new base year for reimbursement rates, and it outlines notification requirements for the state if payments are reduced. The changes are set to take effect on July 1, 2026, with provisions for rule promulgation to be in place by December 31, 2026.

Health and Social Services

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2023&ga=114