LeadingAge New York State Budget Review April 2017 | Page 20

Prior Years’ Measures Under the final budget, the following measures are continued: • • • • Prior Cost Containment Extenders: Extends for two years, through March 2019, prior year trend factor cuts and Medicare maximization provisions that require periodic extensions. Trend Factor Elimination: Extends for two years, through March 31, 2019, the provision that no trend factor adjustment greater than 0 percent be made to Medicaid rates for Medicaid providers, including nursing homes (except for pediatric nursing homes). Cash Receipts Assessment: Extends for two years, through March 2019, the authority for the six percent reimbursable cash receipts assessment on nursing home and ADHC receipts. Intergovernmental Transfer (IGT) Payments: Extends for three years, through March 2020, the State’s authority to make Intergovernmental Transfer (IGT) payments of up to $500 million per year to nursing homes operated by counties and municipalities, including the NYC Health & Hospitals Corporation. The additional non-reimbursable 0.8 percent assessment also remains in effect for nursing home and ADHC cash receipts. DOH plans to institute an adjustment to the statewide prices for nursing homes to incorporate a 1 percent add-on to the rates effective April 1, 2015 (subject to federal approval), which would offset half of the cost of the 0.8 percent assessment. The remaining half of the 0.8 percent assessment receipts is being used to fund the nursing home Universal Settlement payments through 2020. For more information, contact Dan Heim at [email protected] or 518-867-8866. LeadingAge New York/April 2017 Page 19