New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter A - Medical Facilities-minimum Standards
Article 8 - New York State Annual Hospital Report
Part 446 - Reporting Requirements
Medicaid Supplemental Data
Section 446.40 - Rent and equity
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 446.40
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Does any rent expense you reported remain in the New York State Cost Allocation process?
(1) Leases and Rentals--Fixed Assets
(account 8815); or
(2) Leases and
Rentals--Movable Equipment (account 8825).
(b) If yes, report the following:
(1) For each lessor organization, report the
amount of rent expense:
(i) fixed assets,
separately from
(ii) movable
equipment.
(2) Provide
the name of the lessor organization and indicate if:
(i) you have an arm's length arrangement,
or
(ii) a non-arm's length
arrangement.
(c) If a non-arm's length arrangement exists, the owner/lessor must provide:
(1) Actual
expense relative to the asset leased/rented:
(i) Depreciation.
(ii) Mortgage interest.
(iii) Insurance.
(iv) Property taxes.
(v) Other (specify).
(2) Condensed balance sheet relative to the
asset leased/rented:
(i) Total
assets.
(ii) Total
liabilities.
(iii) Total capital
(equity).
(d) Definition of non-arm's length arrangement.
(1) Operator of proprietary facility has more
than a 10 percent interest in the equity of a company providing real property,
goods or services to the facility.
(2) An interest in the equity means an
operator has ownership or control, direct or indirect, in such a
company.
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