FL S0712

Requires the Agency for Healthcare Administration to set nursing home Medicaid rates based only on audited cost reports and prohibits retroactive rate adjustments after July 1, 2017

Mandates recalculation of nursing home reimbursement ceilings and rates every 3 years, with inflation adjustments in intervening years

Establishes property component reimbursement rates using the Fair Rental Value System developed by Navigant Consulting, Inc.

Specifies that newly constructed facilities receive the average reimbursement rate of their geographic and size grouping, and newly licensed providers receive the previous licensee's rate

Requires that Medicaid rate increases be allocated proportionately to nursing homes based on a Quality Matrix developed by Navigant Consulting, Inc.