Louisiana Administrative Code
Title 50 - PUBLIC HEALTH-MEDICAL ASSISTANCE
Part XXIII - Program of All Inclusive Care for the Elderly
Chapter 1 - General Provisions
Section XXIII-105 - Administrative Requirements
Universal Citation: LA Admin Code XXIII-105
Current through Register Vol. 50, No. 9, September 20, 2024
A. A PACE organization must have a fiscally sound operation, as demonstrated by:
1. total assets greater than total
unsubordinated liabilities;
2.
sufficient cash flow and adequate liquidity to meet obligations as they become
due; and
3. a net operating surplus
or a financial plan for solvency that is satisfactory to the Centers for
Medicaid and Medicare Services (CMS) and the Department of Health.
B. A PACE organization shall operate under the control of an identifiable governing body such as a board of directors, which must include at least one community representative. The following advisory committees shall also be established to advise the board of directors:
1. Consumer Advisory
Committee;
2. Ethics
Committee;
3. Restraint Committee;
and
4. any other committees as
required by CMS and/or LDH.
AUTHORITY NOTE: Promulgated in accordance with R.S. 36:254, Title XIX of the Social Security Act, and 42 CFR 460 et seq.
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