D.C. Mun. Regs. tit. 29, r. 29-8805

Current through Register Vol. 71, No. 43, October 25, 2024

Rule 29-8805 - PACE ORGANIZATION REQUIREMENTS

8805.1

The PACE organization shall comply with the federal organizational, administrative, and governance requirements at 42 CFR §§ 460.60- 460.86.

8805.2

The PACE organization shall comply with the District requirements for Adult Day Health Program providers, as applicable, at 29 DCMR §§ 9702.2 - 9704.3, 9708, and 9713.

8805.3

The PACE organization shall ensure that it has in place sufficient protections against insolvency by demonstrating compliance with the following provisions set forth at 42 CFR § 460.80:

(a) Total assets greater than total unsubordinated liabilities;

(b) Sufficient cash flow and adequate liquidity to meet obligations as they become due; and

(c) A net operating surplus or a financial plan for maintaining solvency that is satisfactory to CMS and DHCF.

8805.4

If at any time the PACE organization becomes unable to comply with one or more of the requirements set forth under § 8805.3, it must notify DHCF and agree to take the actions necessary to regain and maintain solvency, as determined by DHCF.

D.C. Mun. Regs. tit. 29, r. 29-8805

Final Rulemaking published at 69 DCR 6400 (6/3/2022)