Section 9-9 - Application Process (a) Applicant must complete the approved application and submit it to the Department with the appropriate and required supporting documents requested in the application.
(b) The application, among other documents and factors as outlined in these rules, will be used to determine if an applicant is awarded a grant and must: - (i) Include a narrative describing the scope of the project.
- (ii) Include organizational financials, with and without tax support. Financials must include:
- (A) Tax support received for each of the previous three (3) years;
- (B) Savings, cash reserves, certificates of deposit, and other liquid assets for each of the previous three (3) years to determine ongoing available cash;
- (C) Current Days Cash on Hand, as defined in Section 4 of these rules;
- (D) Current Ratio, as defined in Section 4 of these rules; and
- (E) Current Operating Margin, as defined in Section 4 of these rules.
- (iii) Include the estimated amount that a fully-functional, certified electronic health record will cost the hospital. The basis of the estimate must be described in detail and include vendor information.
- (iv) Include the estimated amount of Medicare incentive funding the hospital anticipates once the criteria for the electronic health record and "meaningful" use have been met.
- (v) Include the estimated length of time required to achieve "meaningful use" of electronic health records from the beginning of the selection process through implementation and survey to demonstrate "meaningful use."