Budgeting for Maryland's Minimum Wage Increase (LIVE WEBINAR DATE) -- February 25, 2020

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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.

Learning Objectives:

  1. Know when and how the State of Maryland minimum wage increases takes effect
  2. Understand how Medicaid Rates will be Increased to reimburse providers for increased wage costs 
  3.  Learn how to budget for the wage and reimbursement changes


TARGET AUDIENCE:

  1. Administrators
  2. Business Office Staff
  3. Assisted Living Managers


CEU- 1.5

  1. Administrator
  2. Assisted Living Manager

Fees are per person

LifeSpan Member: $55.00

Nonmember: $85.00

Patrick Trotta, CPA, CHC (Moderator)

Partner, Hertzbach and Co., P.A.

Mr. Trotta is a director of the firm's Healthcare Consulting Group.  He has 30 years of experience servicing clients within the Healthcare field. His clients include nursing homes, continuing care retirement communities, adult day care centers, assisted living facilities and senior housing projects.  Mr. Trotta is a frequent speaker and presenter on Healthcare related topics.  He also sits on several not-for-profit boards, including the Beacon Institute, Stella Maris and Saint Agnes Hospital Foundation. Mr. Trotta is a graduate of Towson University and is a Certified Public Accountant in Maryland and DC.  He is also certified in Healthcare Compliance.

Mark Steinberg, CPA, CVA (Moderator)

Partner, Hertzbach and Co., P.A.

Mr. Steinberg has over 20 years of public accounting and client service experience.  His expertise is primarily in the areas of assurance services, business valuation and litigation support.  He has extensive knowledge of the Healthcare Industry and his clients include nonprofits, continuing care retirement communities, nursing homes, residential treatment centers, organizations supporting the developmentally disabled, and construction and real estate entities.  Mr. Steinberg is a graduate of the University of Baltimore with a Bachelor of Science in Accounting and is a Certified Valuation Analyst.

An attendance/validation code is required in order to print your certificate. The attendance code is distributed at the end of each webinar. Attendees are required to enter the code before they can print the certificate. 

This program is sponsored by The Beacon Institute. This course is approved for 1.5 continuing education.

Administrator

This program is approved by the National Continuing Education Review Service (NCERS) of the National Association of Boards of Examiners of Long Term Care Administrators

Assisted Living Manager

This program is approved by the Office of Health Care Quality for continuing education for assisted living managers

Cancellation Policy

Refunds, minus a $25 processing fee per registrant, will be honored if requested in writing FIVE (5) business days prior to the date of the seminar. 

Cancellation due to State survey, the state Surveyors must actually be in the building in order to receive a refund. To receive a refund due to a Survey, Beacon Institute requires a form to be completed, please contact Annmarie Gordon @ agordon@lifespan-network.org. Attendees may send substitutions in their places without prior notification. Additional fees may apply.

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Budgeting for Maryland's Minimum Wage Increase
02/25/2020 at 10:30 AM (EST)   |  120 minutes
02/25/2020 at 10:30 AM (EST)   |  120 minutes
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