The Connecticut Department of Social services has recently announced a rate increase for Residential Care Homes (RCH).
Your Reimbursement Rate May Be Increasing
It has been 10 years since the last time residential care home (RCH) rates were rebased. The Department of Social Services (DSS) has recently announced that RCH rates will be rebased as of July 1, 2023. The new state budget allocated $5.2 million towards increasing RCH rates. The new rates will be rebased on filed 2022 cost reports.
Be Sure Your Home Does Not Miss This Opportunity
In order to be considered for your rates to be rebased, your home must have filed a cost report for 2022. 2022 cost reports were due by February 15, 2023. Late cost reports and amended pages can be filed until July 1, 2023. Be sure your 2022 cost report is filed in order to be considered for rebasing!
What To Do After You Get Your New Rate Letter
We expect that, for homes whose cost reports are timely filed, new rate letters reflecting the rebased rate should be released by DSS in late July / early August. Once you get your letter, it is important you review your rate letter and rate computation report in detail and immediately file a 10-day appeal letter in order to give you time to appeal the new rate should it be necessary to do so. Please note that you only have 10 days from the date of the rate letter to file your appeal letter to preserve your rights to an administrative hearing.
How Laydon and Company Can Help
Laydon and Company can help you file any required cost reports, review rate letters and rate computation reports, and file any required appeal letters.
Laydon and Company has been assisting the healthcare industry with accounting, tax compliance, and regulatory reporting for over 20 years. Call Laydon and Company at 203-799-1040 to discuss how our experience can be of assistance to you.