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Current as of January 01, 2024 | Updated by Findlaw Staff
A. An eligible health care facility may apply annually to the health care authority department for quarterly subsidies to provide to sick and indigent persons in New Mexico:
(1) emergency medical services;
(2) inpatient services related to maternal, child and family health; or
(3) inpatient unit acute care.
B. An eligible health care facility shall only use a subsidy for the provision of care and services pursuant to Subsection A of this section and shall submit annually to the health care authority department a report demonstrating that the subsidy has been used to provide such care and services.
C. An eligible health care facility that has less than one hundred days of cash on hand in reserves shall provide the health care authority department with the following:
(1) upon initial application, a plan for the eligible health care facility to have one hundred days of cash on hand in reserves within five years without cutting the services it provides and providing those services to all patients, regardless of insurance coverage; and
(2) quarterly updates until the end of fiscal year 2026 regarding progress toward completing the plan pursuant to Paragraph (1) of this subsection.
D. An eligible health care facility that has more than one hundred days of cash on hand in reserves shall provide the health care authority department with the following:
(1) upon initial application, a plan for the eligible health care facility to maintain at least one hundred days of cash on hand in reserves without cutting the services it provides and providing those services to all patients, regardless of insurance coverage; and
(2) quarterly updates until the end of fiscal year 2026 regarding progress toward completing the plan pursuant to Paragraph (1) of this subsection.
E. An eligible health care facility that fails to provide the annual report or the quarterly updates to the health care authority department pursuant to this section shall not receive additional subsidies.
F. Over the course of fiscal years 2025 and 2026, the health care authority department shall not provide more than:
(1) three million two hundred thousand dollars ($3,200,000) to the Artesia general hospital;
(2) four million five hundred thirty-four thousand dollars ($4,534,000) to the Cibola general hospital;
(3) five million seven hundred thousand dollars ($5,700,000) to the Holy Cross hospital;
(4) two million five hundred thousand dollars ($2,500,000) to the miners' Colfax medical center;
(5) five million seven hundred thousand dollars ($5,700,000) to the Roosevelt general hospital;
(6) five million seven hundred thousand dollars ($5,700,000) to Rehoboth McKinley Christian health care services;
(7) two million seven hundred thousand dollars ($2,700,000) to the Sierra Vista hospital;
(8) five million seven hundred thousand dollars ($5,700,000) to the Union county general hospital;
(9) one million seven hundred thousand dollars ($1,700,000) to the Guadalupe county hospital;
(10) five million seven hundred thousand dollars ($5,700,000) to the Gila regional medical center; or
(11) one million eight hundred sixty-six thousand dollars ($1,866,000) to the Nor-Lea hospital district.
G. For the purposes of this section, “eligible health care facility” means the hospitals listed in Subsection F of this section.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 27. Public Assistance § 27-1-2.1. Temporary provision; subsidies to certain acute care facilities to cover revenue losses - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-27-public-assistance/nm-st-sect-27-1-2-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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