N.J. Admin. Code § 10:49A-2.2

Current through Register Vol. 57, No. 1, January 6, 2025

Section 10:49A-2.2 - Revenue reporting requirements

(a) A facility must report to the Department its revenue in accordance with GAAP, as defined by the Financial Standards Accounting Board for the reporting year.

1. All revenue for services provided by one facility that is later assumed by another facility must be reported by the assuming facility for the entire PCR reporting year during which the services were provided.

(b) A facility must report certain measures of revenue that shall be used to calculate the PCR. Reported revenue shall include, at a minimum:

1. Total bed days, which means that a facility must report the total number of bed days billed to any individual or entity during the PCR reporting year. This must include billed, but not collected, days consistent with GAAP and a facility's Federal tax filing accrual and revenue recognition policies;

2. Medicaid/NJ FamilyCare bed days, which means that a facility must report the number of bed days billed to the Department's Medicaid/NJ FamilyCare fee-for-service and Managed Care programs. This number must include billed, but not collected, days consistent with GAAP and a facility's Federal tax filing accrual and revenue recognition policies; and

3. Medicaid/NJ FamilyCare revenue, which means that the facility must report the amount of revenue reported at (a) above that was recognized from the Department's Medicaid/NJ FamilyCare fee-for-service and Managed Care programs.

N.J. Admin. Code § 10:49A-2.2

Adopted by 53 N.J.R. 1783(a), effective 10/18/2021