Tomorrow:  Webinar on Wage Parity Changes

Tomorrow, Emina Poricanin, Poricanin Law, and Paul Essner, Risk Strategies, will be presenting a webinar The Wage Parity Changes: How to Adjust to the New Requirements, on the changes to the Wage Parity Law included in the 20-21 New York State Budget. These changes went into effect on April 1. All providers are required to adjust their procedures in regards to reporting and documenting wage parity compliance. This program will review the major changes to the Wage Parity Law and provide suggestions on how providers can comply with the new requirements.

This program is $49 for HCP members and $99 for Non or prospective members. Due to the COVID-19 crisis fees for this program have been reduced. For any questions, please contact crary@nyshcp.org

The Wage Parity Changes: How to Adjust to the New Requirements, Thursday April 23, 3:15 pm - 4:15 pm, register for the Wage Parity webinar here.

Reminder: Weekly DOH Provider Update 

Please join the NYS Department of Health Thursday, April 23rd at 1:00 PM - 2:00 PM for a COVID-19 update for healthcare providers.

To accommodate the large number of participants, our webinar will be streaming via YouTube Live:  https://coronavirus.health.ny.gov/weekly-healthcare-provider-update

For audio only, please dial in: 844-512-2950

State Comptroller DiNapoli: Coronavirus Will Cause Multi-Year Hit to State Finances

Washington Must Do More to Help
The coronavirus pandemic has caused extraordinary economic challenges in New York with punishing, still-evolving impacts on public health, jobs, the economy and state finances. As a result, the enacted state budget leaves greater uncertainty for school districts, health care providers and local governments this year than ever before, according to a report released today by New York State Comptroller Thomas P. DiNapoli.

“The ultimate price of the coronavirus remains undetermined. What is clear is that Washington must do more to help stabilize state and local government finances to avoid drastic cuts that would hurt hospitals, schools and vital services,” DiNapoli said. “The Executive and Legislature passed a budget under very difficult circumstances to address our immediate needs, but we must be mindful of the bigger picture. Tax revenues will be substantially lower in the near term because of the pandemic, and likely well beyond. The state should minimize long-term costs from any new debt and commit to building up our rainy day reserves. The road ahead is a challenging one and will require a long-term strategy.”

DiNapoli’s report notes the state has delayed the filing deadline for 2019 tax returns for individuals and corporations from April 15 to July 15. The Comptroller’s office estimates the amount of overall tax receipts delayed from April to July could be as much as $9 billion to $10 billion, depending largely on how many taxpayers choose to delay their filings. While the state received almost $3.8 billion in Coronavirus Relief Fund resources earlier this month, the total amount of federal assistance available to help address cash-flow and budget-balancing needs remains to be determined. The ability of the state to fully achieve its Medicaid savings target also remains unclear.

In response to these fiscal challenges, the Enacted Budget provides the Executive with extraordinary flexibility to manage spending, including authority to make broad reductions in most local assistance spending as needed to maintain budget balance. Separate provisions authorize the Executive to reduce Medicaid spending, in particular, if disbursements are expected to exceed projections or other developments occur.

Some of these spending provisions provide a role for the Legislature, while others do not. Given the extraordinary flexibility for spending reductions, the state Division of the Budget should go beyond statutory reporting requirements to provide more frequent and more detailed public updates on fiscal developments, including monthly updates on the economic and revenue outlook. DiNapoli said given the range of challenges facing entities that depend on state funding, stakeholder input on any budget actions should occur. 

The final budget also included an additional $21.4 billion in total new and increased state-supported debt authorizations, including $11 billion for cash flow or deficit financing purposes. While short-term borrowing to offset delayed revenues may be appropriate, DiNapoli urges caution in any longer-term borrowing for operating costs.

Report
State Fiscal Year 2020-21 Enacted Budget: Budgeting in a Time of Crisis

HCP Staff is Remote, but Available

HCP staff is working remotely as directed by Governor Cuomo in his Executive Order. You can still reach staff by email and telephone, 518-463-1118. Our telephone extensions are forwarded to our remote telephones. If you reach our voice mail and leave a message, we can access the message through our email system.

Kathy Febraio, President, ext. 809 febraio@nyshcp.org
Kevin Kerwin, Vice President of Public Policy, ext. 806 kerwin@nyshcp.org
Mary Dworakowski, Senior Director of Administration & Finance, ext. 804 dworakowski@nyshcp.org
Dena Collins, Director of Information Systems, ext.815 collins@nyshcp.org
Marissa Crary, Director of Marketing & Education, ext. 824 crary@nyshcp.org
Cora Smith, Associate for Marketing & Education, ext. 825 smith@nyshcp.org