Good news for home care agencies in New Mexico! An additional $409 million will be allocated to reimbursement rates for Medicaid providers. The increased rates, effective from July 1, 2023, aim to elevate reimbursements to as high as 120% of Medicare rates. This is part of an ongoing effort to ensure broader access to essential healthcare services for all participants in the Medicaid program, including home- and community-based services (HCBS) providers. The rate increase is expected to support hiring efforts while maintaining normal profit margins.
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