Montana SB523 revises Medicaid services reimbursement, requiring annual cost of living adjustments for non-physician providers.

Montana SB523 amends the Medicaid services reimbursement process by requiring contracts with non-physician providers to include annual cost of living adjustments. These adjustments must match the percentage increase of the consumer price index for medical care, as calculated by the U.S. Bureau of Labor Statistics. The bill also mandates that the conversion factor for physician reimbursements be adjusted annually based on the consumer price index for medical care. This act is set to take effect on July 1, 2025.

Montana SB523 revises Medicaid services reimbursement, requiring annual cost of living adjustments for non-physician providers.

Montana SB523 amends the Medicaid services reimbursement process by requiring contracts with non-physician providers to include annual cost of living adjustments. These adjustments must match the percentage increase of the consumer price index for medical care, as calculated by the U.S. Bureau of Labor Statistics. The bill also mandates that the conversion factor for physician reimbursements be adjusted annually based on the consumer price index for medical care. This act is set to take effect on July 1, 2025.