PA SB692

Amends The Fiscal Code to establish minimum revenue adjustment neutrality factors for Medical Assistance nursing facility payment rates beginning July 1, 2025

Sets the revenue adjustment neutrality factor for nonpublic nursing facilities at 0.90 or greater for each fiscal year starting July 1, 2025

Sets the revenue adjustment neutrality factor for county nursing facilities at 1.00 plus the percentage rate of change applied to nonpublic facilities, effectively guaranteeing county facilities receive full calculated rates

Extends the current revenue adjustment neutrality factor provisions until June 30, 2026, or until a new rate-setting methodology replaces current regulations in 55 Pa. Code Chapters 1187 and 1189

Takes effect 60 days after enactment