5187-S.E AMH CORR BUNC 275

ESSB 5187 - H AMD TO H AMD (H-1823.1/23) 521

By Representative Corry

ADOPTED 04/03/2023

On page 190, line 34, after "(65)" strike all material through "bankruptcy" on page 191, line 13, and insert the following:

"(a) $8,000,000 of the general fund—state appropriation for fiscal year 2024 is provided solely for one-time bridge grants to hospitals in financial distress.

(b) To qualify for these grants, a hospital must:

(i) Be located in Washington;

(ii) Serve individuals enrolled in state and federal medical assistance programs;

(iii) Continue to maintain a medicaid population at similar utilization levels as in calendar year 2022;

(iv) Be necessary for an adequate provider network for the medicaid program;

(v) Demonstrate a plan for long-term financial sustainability; and

(vi) Meet one of the following criteria:

(A) Lack adequate cash-on-hand to remain financially solvent;

(B) Have experienced financial losses during hospital fiscal year 2022; or

(C) Be at risk of bankruptcy.

(c) Of the amounts appropriated in this subsection, $4,000,000 must be distributed to a hospital that meets the qualifications in subsection (b) and is located on tribal land"

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