Wednesday, September 25th, 2019
Budgeting for Minimum Wage
The 2019 Maryland General Assembly passed two pieces of legislation impacting Medicaid post acute care providers. The minimum wage will be raised to $15.00/hour and phased in over a 6 year period. In addition, legislation was passed to increase Medicaid nursing facility rates by 4% annually over 5 years beginning July 1, 2020, in order to compensate Medicaid providers for the increases in salary costs. This session will review the key points of the legislation and provide operators with the necessary tools to prepare budgets, which will allow facilities to operate in a fiscally responsible manner.