N.J. Admin. Code § 8:31B-3.67

Current through Register Vol. 56, No. 11, June 3, 2024

Section 8:31B-3.67 - 0.53 percent assessment

(a) Each general hospital and each specialty heart hospital shall be assessed annually on a State fiscal year basis 0.53 percent of its total operating revenue as reported in its most recent NJ Acute Care Hospital Cost Report. The amount assessed for each hospital annually shall be prorated by the Department so that the total assessed for all hospitals annually does not exceed $ 40,000,000. Hospitals shall pay the prorated assessed amount to the Department in 12 equal monthly installments.

1. The hospital's total operating revenue shall include revenue from any ambulatory care facility licensed to the hospital as a hospital-based off-site ambulatory care services facility.

2. In the event that a hospital, which fails to submit the most recent Acute Care Hospital Cost Report due on June 30 of each year, has not submitted that report prior to the Department's calculation of the assessment for the following year, the Department shall use the hospital's most recent assessment, increased by 15 percent, for the calculation of the following year's assessment.

(b) If a hospital subject to the 0.53 percent assessment is granted a certificate of need to close and subsequently ceases operations as a general or specialty heart hospital, the hospital's assessment shall be reduced to cover the period of time between the start of the State fiscal year and the closure of the hospital.

1. The difference between the original and reduced assessment for the closed hospital shall be reallocated proportionately among all remaining hospitals, so that the total assessment on all hospitals during the State fiscal year remains $ 40,000,000.

N.J. Admin. Code § 8:31B-3.67

New Rule, R.2006 d.27, effective 1/17/2006.
See: 37 New Jersey Register 2165(a), 38 New Jersey Register 667(a).