Or. Admin. Code § 411-029-0030 - Facility Statement of Need
Sufficient information and financial records shall be submitted to the Department, in addition to the application form referenced in OAR 411-029-0040, and shall include each of the following:
(1) A written
Facility Statement of Need that includes each of the following:
(a) Written statement of how a potential
closure of the facility would create a lack of access to care, particularly for
low income and Medicaid beneficiaries in the area;
(b) Written statement of steps taken to
address current financial hardships, such as accessing reserve funds, being
approved for the Enhanced Wage Add-on Program (OAR
411-027-0160), employed
strategies to increase facility census, and recruiting and retaining permanent
staff;
(c) Written statement
demonstrating how the facility plans to be financially sustainable in the
future; and
(d) Written statement
of an amount that the facility is requesting to assist the facility out of
financial hardship. This amount may not reflect the approved amount by the
Department.
(2) A copy of
the following records from the facility and the parent corporation, if
applicable:
(a) Federal income tax return for
the previous two years;
(b) A
current Working Trial Balance;
(c)
A current Income Statement; and
(d)
A current Cash Flow Statement.
(3) Any other information or records that the
Department may request to support a Facility's Statement of Need.
Notes
Statutory/Other Authority: ORS 410.070
Statutes/Other Implemented: ORS 410.070
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