A. For the period from July 1, 2024 through December 31, 2024, a hospital shall pay the assessment to the taxation and revenue department as follows: (1) by March 10, 2025 for the uniform rate increase; and (2) by May 10, 2025 for the quality incentive payment. B. For calendar year 2025 and thereafter, a hospital shall pay the assessment to the taxation and revenue department as follows: (1) seventy days after the end of each calendar quarter for the uniform rate increase for that quarter; and (2) by May 10 of the subsequent year for the quality incentive payment, unless approval by the centers for medicare and medicaid services of the medicaid-directed payment program for that year has not been received by the assessment's due date, in which case the due date for that assessment shall be forty-five days after such approval is received. C. An assessment shall not be due earlier than forty-five days after the date the centers for medicare and medicaid services approves the necessary authorization sought by the secretary pursuant to Section 12 of this 2024 act for the applicable period. D. The authority shall make directed payments to a managed care organization as follows: (1) for the period beginning on July 1, 2024 and ending on December 31, 2024, the authority shall transfer the uniform rate increase funding to a managed care organization in one installment by March 15, 2025 and the quality incentive payment by May 15, 2025; and (2) for calendar years 2025 and thereafter, the authority shall transfer the uniform rate increase funding to the managed care organization on a quarterly basis no later than seventy-five days after the end of the quarter and the quality incentive payment by May 15 of the subsequent calendar year. E. If the assessment due date has been postponed due to a delay in approval by the centers for medicare and medicaid services, the payments shall be due five days after the extended assessment due date. F. The authority shall require a managed care organization to make directed payments to hospitals no more than fifteen days after receipt of such payments from the authority. History: Laws 2024, ch. 41, § 6. Contingent effective dates. — Laws 2024, ch. 41, § 14, provided that the provisions of 24A-8-1 to 24A-8-7 NMSA 1978 shall become effective on the first day of the month subsequent to the health care authority receiving the necessary federal authorizations and approvals of waivers required to implement and administer the Health Care Delivery and Access Act. Upon this occurring, the secretary of health care authority shall immediately notify the New Mexico compilation commission, the director of the legislative council service and the secretary of taxation and revenue. Delayed repeals. — Laws 2024, ch. 41, § 13 repealed 24A-8-6 NMSA 1978, effective July 1, 2030. Compiler's notes. Laws 2024, ch. 41, § 1 was not enacted as part of the Health Care Code, but was compiled there for the convenience of the user. Temporary provisions. — Laws 2024, ch. 41, § 12 provided that no later than July 15, 2024, the secretary of the health care authority shall seek a waiver, a state plan amendment or federal authorization as necessary to implement the provisions of the Health Care Delivery and Access Act.
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