N.M. Admin. Code § 8.312.3.15 - ADJUSTMENTS TO BASE YEAR COSTS
A. Since rebasing of the prospective per diem
rate will take place every three years, the department recognizes that certain
circumstances may warrant an adjustment to the base rate. Therefore, the
provider may request such an adjustment for the following reasons:
(1) additional costs incurred to meet new
requirements imposed by government regulatory agencies, taxation authorities,
or applicable law (e.g. minimum staffing requirements, social security taxation
of 501 (c)(3) corporations, minimum wage change, property tax increases,
etc.);
(2) additional costs
incurred as a result of uninsurable losses from catastrophic occurrences;
and
(3) additional costs of
approved expansion, remodeling or purchase of equipment;
B. Such additional costs must reach a minimum
of $10,000 incurred cost per year for rebasing to be considered. The provider
may request consideration of such rebasing no more than twice in its fiscal
year. The provider is encouraged to submit such rebasing requests before the
cost is actually incurred if possible. The department will approve or
disapprove the rebasing request in a timely manner. If the rebasing is
approved, the resulting increase in the prospective per diem rate will go into
effect:
(1) beginning with the month the cost
was actually incurred if prior approval was obtained; or
(2) no later than 30 days from the date of
the approval if retroactive approval was obtained.
C. At no time will rebasing in excess of the
applicable operating or facility cost ceilings be allowed, unless the
department determines that a change in law or regulation has equal impact on
all providers regardless of the ceiling limitation. An example of this would be
the minimum wage law.
D. Pursuant
to budget availability, the decision to approve any adjustments to base year
costs will be at the department's discretion.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.