Capital Workgroup Update

Carl J. Pucci in Finance & Reimbursement

The DOH Capital Workgroup met last Friday with discussions on the following topics:

2013 RHCF

Members are reminded that the 2013 RHCF deadline is Friday, August 15, 2014DOH again stressed the importance of ensuring that the Operator and/or CPA certifiers electronic signature process is in place prior to the submission deadline.  (See 5/22/14 DAL).

In addition, DOH clarified that on schedule 10-B “Age of Facility” line 153, they are seeking the “real” useful life vs. the remaining depreciable life of the building.

Re-financings

The Workgroup reviewed the latest mortgage re-financings, both approved as well as pending.  DOH noted that any facility who is undergoing a mortgage refinancing should notify DOH of the expected transaction (including the estimated interest savings) via an email to BVAPR@health.state.ny.us.

Shared Savings

NYSHFA and the other associations have advocated for various shared savings initiatives that DOH has agreed to in principle. DOH will continue work with the associations to provide a shared savings plan (associated with mortgage re-fi’s) to be incorporated into the Governor’s 2015/16 Executive Budget.

DOH/NYSERDA Energy Proposal

The attached document outlines the proposed energy efficiency initiative which would be implemented in two phases over the next few years.  The initiative, which will be funded by the States Medicaid Program, offers numerous advantages to SNFs which are outlined in the document.  NYSHFA will participate in a smaller sub-workgroup that will focus on the energy efficient audits which will launch the effort.

Hurricane Sandy

Approximately 30 facilities are slated to receive final Sandy settlements (approximately $4M).  The settlement awaits DOB approval and payments are expected by early September.  This will, in effect, close the Sandy repayment file.
Note:  Affected facilities have until August 6, 2014 to submit final corrections to DOH.

NYSHFA will continue its’ input to the Capital Workgroup and provide updates to members as these issues develop.

NYSHFA CONTACT:

Carl J. Pucci
Director, Finance & Reimbursement
518-462-4800 x36