HB392 Summary

• Extends the private hospital assessment and Medicaid funding program through fiscal years 2012 and 2013 (previously set to expire September 30, 2011).

• Changes the assessment rate to 5.14 percent of net patient revenue based on fiscal year 2009 data (replacing the previous 4.94 percent rate using fiscal year 2007 data).

• Modifies quarterly assessment payment due date from the first day to within 10 business days of each quarter.

• Changes outpatient hospital base payment methodology for fiscal years 2012-2013 to use the September 30, 2009 fee schedule plus a 6 percent inflation factor, and shifts outpatient access payments from monthly to quarterly basis.

• Allows assessment rate adjustments if hospitals experience extraordinary capital cost increases of at least 50 percent and meet specific Medicaid utilization requirements, with hospitals certifying costs by August 31, 2012.