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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 10. Department of Health |
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Chapter V. Medical Facilities |
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Subchapter A. Medical Facilities—Minimum Standards |
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Article 8. New York State Annual Hospital Report |
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Part 446. Reporting Requirements |
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Medicaid Supplemental Data |
Sec. 446.40. Rent and equity
Latest version.
- (a) Does any rent expense you reported remain in the New York State Cost Allocation process?(1) Leases and Rentals—Fixed Assets (account 8815); or(2) Leases and Rentals—Movable Equipment (account 8825).(b) If yes, report the following:(1) For each lessor organization, report the amount of rent expense:(i) fixed assets, separately from(ii) movable equipment.(2) Provide the name of the lessor organization and indicate if:(i) you have an arm's length arrangement, or(ii) a non-arm's length arrangement.(c) If a non-arm's length arrangement exists, the owner/lessor must provide:(1) Actual expense relative to the asset leased/rented:(i) Depreciation.(ii) Mortgage interest.(iii) Insurance.(iv) Property taxes.(v) Other (specify).(2) Condensed balance sheet relative to the asset leased/rented:(i) Total assets.(ii) Total liabilities.(iii) Total capital (equity).(d) Definition of non-arm's length arrangement.(1) Operator of proprietary facility has more than a 10 percent interest in the equity of a company providing real property, goods or services to the facility.(2) An interest in the equity means an operator has ownership or control, direct or indirect, in such a company.