New Jersey Administrative Code
Title 10 - HUMAN SERVICES
Chapter 52 - HOSPITAL SERVICES MANUAL
Subchapter 5 - PROCEDURAL AND METHODOLOGICAL REGULATIONS
Section 10:52-5.13 - Update factors
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The economic factor is the measure of the change in prices of goods and services used by New Jersey hospitals. The economic factor will be the factor recognized under the TEFRA target limitations.
(b) The technology factor takes into account the costs of adopting quality enhancing technologies.
(c) Base-year direct patient care and indirect rates shall be multiplied in succeeding years by a technology factor to provide prospective funds to support hospital adoption of quality-enhancing technologies. The technology factor shall be based on the Scientific and Technological Advancement Allowance recommended annually to the Secretary of the United States Department of Health and Human Services by the Medicare Payment Advisory Commission (MedPAC). The factor shall be composed of the proportion of incremental operating costs associated with MedPAC's identified cost-increasing technologies, and MedPAC's allowance for technologies not included in the technology-specific projections, less the proportion of incremental operating costs of cost-decreasing technologies identified by MedPAC.
(d) In addition, the following payment rates will be in effect for these special procedures:
(e) For determination of the payment rates, direct patient care is increased for the following components:
(f) No Statewide transition adjustment not otherwise specified in this chapter will be included in the rate.