The company said CMS approved the Medicaid managed care component of the Nevada State Directed Payment Program (SDP) in late December 2023, with an effective date of January 1, 2024.

1. 01

   The company said CMS approved the Medicaid managed care component of the Nevada State Directed Payment Program (SDP) in late December 2023, with an effective date of January 1, 2024.

2. 02

   Based on financial data provided by DHCFP for its Nevada facilities, the company estimates that net reimbursements from this component, net of related provider taxes, will approximate $140 million for the year ending December 31, 2024.

3. 03

   The company estimated net reimbursements of $18 million from the Medicaid fee for service upper payment limit component, approved by CMS in November 2023 and December. It said the two components combined, net of provider taxes, will approximate $158 million for 2024.

4. 04

   The company said payments under this component require annual CMS approval and are subject to DHCFP reconciliation based on actual Medicaid managed care utilization in 2024. It added that there can be no assurance the component will continue after December 31, 2024 or that it will not be modified.

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