New Jersey Administrative Code
Title 10 - HUMAN SERVICES
Chapter 52 - HOSPITAL SERVICES MANUAL
Subchapter 5 - PROCEDURAL AND METHODOLOGICAL REGULATIONS
Section 10:52-5.5 - Current Cost Base

Universal Citation: NJ Admin Code 10:52-5.5

Current through Register Vol. 56, No. 18, September 16, 2024

(a) A hospital's Current Cost Base is defined as the actual costs and revenues as identified in the Financial Elements in the base reporting period as recognized by the Division for purposes of rate setting.

(b) The Current Cost Base is used to develop the Preliminary Cost Base (PCB) and Schedule of Rates through:

1. Determination of the costs of Medicaid patients treated in the 1988 base year;

2. Identification of fixed and variable components of the Preliminary Cost Base;

3. Calculation of the economic factor cost component as defined in 10:52-5.13(a);

4. Calculation of the technology factor as described in 10:52-5.13(b);

5. The costs used to set rates for the rate year will be based on 1988 costs.

(c) A hospital's actual cost reports cannot be substituted or rearranged once the Director has determined that the actual cost submission is suitable for entry into the data base.

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