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News related to "value-based reimbursement"
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$2.4 Billion Surplus Expected in State Budget
On October 26, 2023 by Kayla Khang
Minnesota is predicted to enter the 2024 legislative session with a $2.4 billion surplus based on state officials' most recent revenue report.
Employee Retention Credit Will Not Impact Care Center Rates
On March 16, 2023 by Jeff Bostic
Earlier this week, Senator Amy Klobuchar’s office informed LeadingAge that the Centers for Medicare and Medicaid Services (CMS) will tell states with cost-based care center payment systems like Minnesota’s to treat Employee Retention Credit (ERC) funds like other federal CARES Act relief funds.
Senior Care Budget and Policy Proposals Slated for Hearings This Week
On March 20, 2019 by Kari Thurlow
A busy week at the State Capitol is unfolding, with two hearings scheduled this week that are expected to advance major bills related to senior care budget and policy issues. Our Day at the Capitol was a success in setting the stage for solutions that will best meet the needs of the older adults we serve, but your advocacy will be needed in the days and weeks ahead as the Legislature gets down to business in advancing budget proposals and potential historic changes to senior living.
Now Posted: Care Center Rate Notices
On November 28, 2018 by Jeff Bostic
The fourth set of annual rates to be calculated using the new Value-Based Reimbursement (VBR) system will take effect on Jan. 1, 2019. The rates are now posted to the DHS Nursing Facility Provider Portal.