Regulation .19 Referrals to the Financial Review Committee.
Regulation .19 Referrals to the Financial Review Committee.LinkCopy Citation
A.
The Department may refer to the Committee for its consideration:
(1)
A provider's application for a renewal certificate after review by the Department; or
(2)
A finding of possible financial difficulty, at any time.
B.
Upon receipt of a referral from the Department, the Committee shall:
(1)
Request from the Department any additional material which the Committee may require;
(2)
Review the material to determine whether or not it finds the provider in financial difficulty;
(3)
Notify the Department in writing of its findings and reasons for its findings, within 45 days of receipt of the referral; and
(4)
Provide consultation to the Department regarding corrective financial plans for providers in financial difficulty when requested by the Department.
C.
The Committee may request one 30-day extension if the 45-day time limit cannot be met. The Secretary may grant the extension.
D.
Upon notification of a finding by the Committee, the Department shall consider the finding of the Committee and, within 25 days of receipt of the Committee's finding, make a final determination whether the provider is in financial difficulty.