Loading chat...
NY S08827
Bill
Status
6/1/2022
Primary Sponsor
Gustavo Rivera
Click for details
AI Summary
-
Department of Health must consider specific criteria when determining if a provider can demonstrate severe financial distress under Chapter 53 of the 2022 appropriations law
-
Criteria for severe financial distress include: general hospitals with two months or less of reserves to cover anticipated expenses
-
Criteria also include: enhanced safety-net hospitals as defined in Public Health Law Section 2807-c
-
Criteria also include: hospitals at risk of defaulting on existing debt obligations or needing major capital improvements they cannot finance or afford
-
Act takes effect on the same date and in the same manner as Chapter 53 of the 2022 appropriations law
Legislative Description
Expands the definition of safety-net providers as used in chapter 53 of the laws of 2022 making appropriations for the support of government.
Last Action
referred to ways and means
6/1/2022