HB 26-1432

House Bill 26-1432, which has been signed into law, stops the Colorado Department of Health Care Policy and Financing from reducing or redistributing extra payments given to hospitals through a program called the Hospital Transformation Program. This means that hospitals will continue receiving their current supplemental medical assistance payments without any cuts or changes. The bill affects hospitals participating in this program by ensuring they maintain their existing financial support levels. Since it has been signed, the law is now active and hospitals can expect to receive these funds as before.

Official Summary

The act repeals the health-care delivery system reform incentive payments program in the Colorado healthcare affordability and sustainability enterprise (enterprise) and creates the hospital quality incentive program (incentive program) to use enterprise hospital provider fee revenue to make additional payments to hospitals that meet performance metrics in delivering safer and more effective care that improves patient outcomes and reduces preventable utilization to reduce health-care costs. Prior to implementing the program, the enterprise board shall approve the percentage of hospitals' reimbursement in the incentive program and the incentive program structure, performance measures, and scoring methodology. Once the incentive program is implemented, the total amount of payments made under the incentive program must not exceed 9% of the total reimbursements made to hospitals in the previous state fiscal year.(Note: This summary applies to this bill as enacted.)

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