W. Va. Code R. § 65-6-6

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 65-6-6 - Annual Report; Active Supervision

6.1. The authority shall utilize the Annual Report, as well as other information available to it, in performing the Active Supervision. The Annual Report shall include the following:

6.1.1. An explanation, with supporting documentation of its current compliance (or not) with each of the Terms and Conditions of the Cooperative Agreement Decision, that is certified by the Chief Executive Officer and Chief Financial Officer of the Applicant.

6.1.2. A summary of steps taken to reduce costs and improve efficiency;

6.1.3. An update on Population Health Plan and implementation achieved;

6.1.4. Any services that were consolidated during the year in review and the resulting cost savings in excess of $2,000,000;

6.1.5. Any material changes in volume or availability of any inpatient or outpatient services during the year in review;

6.1.6. A summary containing the number of approved resident positions for each residency program operated by the hospitals participating in the cooperative agreement and the number of such positions that are filled, along with copies of the relevant pages of the Medicare costs reports, as available, showing the number of full-time equivalent residents;

6.1.7. A description of any agreements moving resident "slots" from one hospital participating in a cooperative agreement to another pursuant to Medicare rules, resident programs moved from one hospital participating in a cooperative agreement to another, and new programs started;

6.1.8. A summary of the quality performance indicators of the hospitals participating in the cooperative agreement;

6.1.9. A comparison of the performance of hospitals participating in the cooperative agreement with the performance of similar health systems, along with a comparison to one or more rating agency indices for ratio of salaries and benefits to net patient revenue, ratio of operating EBITDA to net revenue, ratio of capital expenditures to depreciation, ratio of net income to net revenue (excess margin), days of cash on hand, days of net patient revenue outstanding, ratio of long-term debt to capitalization, ratio of unrestricted reserves to long term debt and debt service coverage ratio, along with a schedule of values for each component required to make the various ratio of calculations;

6.1.10. The total charity care; and

6.1.11. A current organizational chart.

W. Va. Code R. § 65-6-6