Ala. Admin. Code r. 560-X-48-.04

Current through Register Vol. 42, No. 11, August 30, 2024

Section 560-X-48-.04 - Change Of Ownership

(1) Medicaid must be notified within thirty (30) days of the date of a FQHC ownership change. The existing contract will be automatically assigned to the new owner, and the new owner shall then be required to execute a new contract with Medicaid as soon as possible after the change of ownership, but in no event, later than thirty (30) days after notification of grant disposition. If the new owner fails to execute a contract with Medicaid within this time period, the contract shall terminate.

(2) The new owner may choose to accept the established reimbursement rate or submit a budgeted cost report to the Medicaid Agency. Refer to Chapter 56 of the Administrative Code for details.

Author: Vicki Huff

Ala. Admin. Code r. 560-X-48-.04

Emergency rule effective October 1, 1990. Permanent rule effective January 15, 1991. Amended: April 15, 1993. Amended: Filed November 5, 1997; effective December 10, 1997.

Statutory Authority: State Plan; Title XIX, Social Security Act; 42 C.F.R. §§431.107, etseq.