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Deadline For Public Comment

Deadline: Oct 01, 2012

The deadline for public comment has expired. Contact the agency or primary contact person listed below for assistance.

Rule Details

Rule Number: 12P039
Title: Rule 3.000: Hospital Budget Review
Type: Standard
Status: Adopted
Agency: Green Mountain Care Board
Legal Authority: 18 V.S.A. § 9375(b)(7); 18 V.S.A. § 9380; and Section 40a of Act No. 171 of 2011.
Summary: Before July 1, 2012, the Department of Financial Regulation (formerly BISHCA) reviewed and established the annual budgets of Vermont hospitals. Current Vermont law grants these powers and duties to the Green Mountain Care Board (GMCB). See 18 V.S.A. § 9375(b)(7); 18 V.S.A. §§ 9451 - 9457 as amended by Act No. 171 (2011 adj. sess.)(signed May 16, 2012), § 40a. To meet its statutory obligation, the GMCB proposes adopting this rule to set forth the process by which hospital budgets will be reviewed and established.
Persons Affected: The proposed rule governs the process by which the GMCB reviews and establishes hospital budgets. Vermont hospitals are directly affected by the adoption of the rule, as they must propose annual budgets to the GMCB in accordance with the rule's requirements and adhere to budgets established pursuant to the rule. Others who may be impacted include: health care facilities and providers affiliated with Vermont hospitals, patients who use hospital services, and health insurance policyholders whose carriers my alter their rates in response to hospital rate changes.
Economic Impact: The hospital budget review process a set forth in the rule will be revenue-neutral to the State in execution, in that it will be accomplished with existing personnel and resources. It will directly impact the regulated hospitals as their proposed budgets come before the GMCB for review, since the GMCB will annually approve and/or adjust each hospital's proposed budget, including each hospital's proposed revenue growth and proposed changes in rates charged for services provided to hospital patients for the next fiscal year. The budget review process may also impact the finances of health care facilities and providers affiliated with regulated hospitals, as well as the fees charged for services offered to hospital patients. Finally, changes i
Posting date: Aug 22,2012

Hearing Information

Information for Hearing # 1
Hearing date:
00-00-0000 00:00 AM   
Location: Department of Financial Regulation, Large Conference Room
Address: 89 Main Street, 3rd Floor
City: Montpelier
State: VT
Zip: 05620-3101
Hearing Notes:

Contact Information

Information for Contact # 1
Level: Primary    
Name: Michael Donofrio, General Counsel    
Agency: Green Mountain Care Board    
Address: 89 Main Street, 3rd Floor    
City: Montpelier    
State: VT    
Zip: 05620-3101    
Telephone: 802-828-4892    
Fax:    
Email: 
Michael.Donofrio@state.vt.us
     
 
   
Website Address:  http://www.gmcboard.vermont.gov/rules
     
 
   
Information for Contact # 2
Level: Secondary    
Name: Janet Richard    
Agency: Green Mountain Care Board    
Address: 89 Main Street, 3rd Floor    
City: Montpelier    
State: VT    
Zip: 05620    
Telephone: 802-828-2901    
Fax:    
Email: 
janet.richard@state.vt.us
     
 
   
       

Keyword Information

Keywords:

hospital budget
hospital budget review
unified health care budget
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