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Colorado Revised Statutes Title 25.5. Health Care Policy and Financing § 25.5-4-403.1. Providers--community mental health centers--cost reporting

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) For the purposes of increased payment methodology transparency, no later than March 15, 2023, and each March 15 thereafter, the state department shall:

(a) Publish cost reports for community mental health centers;

(b) Establish a cost-reporting template and cost-reporting schedule to assist providers in providing cost reports;

(c) Redact information to maintain compliance with state and federal law including, but not limited to, personally identifying information and protected health information as necessary to protect the privacy of patients;

(d) Create a publicly available website that provides insight to medicaid members, medicaid providers, and members of the public regarding behavioral health reimbursement rates. The website must include the following:

(I) All completed cost reports for each behavioral health safety net provider, as defined in 27-50-101(7);

(II) An overview of the purpose of the cost report described in this subsection (1);

(III) Information on how to interpret the cost reports and where to find information in the cost reports;

(IV) An overview of:

(A) How reimbursement rates are determined;

(B) What constitutes a reasonable and allowable cost; and

(C) How value-based payments impact reimbursement rates; and

(V) The state department's plan to improve behavioral health reimbursement rates and annual updates to the plan.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 25.5. Health Care Policy and Financing § 25.5-4-403.1. Providers--community mental health centers--cost reporting - last updated January 01, 2025 | https://codes.findlaw.com/co/title-25-5-health-care-policy-and-financing/co-rev-st-sect-25-5-4-403-1/

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