Utah Code 26B-3-606. Hospital financing

26B-3-606. Hospital financing.

(1)	Private hospitals shall be assessed under this part for the portion of the hospital share described in Section 26B-3-611.

Assessment: means the Medicaid expansion hospital assessment established by this part. See Utah Code 26B-3-601
Division: means the Division of Integrated Healthcare within the department. See Utah Code 26B-3-601
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Hospital share: means the hospital share described in Section 26B-3-605. See Utah Code 26B-3-601
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5

(2)	In the report described in Subsection 26B-3-113(8), the department shall calculate the state‘s net cost of the qualified Medicaid expansion.

(3)	If the assessment collected in the previous fiscal year is above or below the hospital share for private hospitals for the previous fiscal year, the division shall apply the underpayment or overpayment of the assessment by the private hospitals to the fiscal year in which the report is issued.

Renumbered and Amended by Chapter 306, 2023 General Session