HB 3509
Creates the Community Escrow Fund in the State Treasury to hold coordinated care organization restricted reserves.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Behavioral Health and Health Care
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates the Community Escrow Fund within the State Treasury to hold restricted reserves for coordinated care organizations (CCOs) in Oregon. The fund will receive payments withheld from CCOs’ global budgets by the Oregon Health Authority. These withheld funds are intended to ensure CCOs maintain sufficient reserves to cover costs not initially accounted for in their budgets. The Oregon Health Authority will establish rules for accessing these funds and managing the escrow process, aiming to bolster financial stability for CCOs and improve healthcare delivery.
Key provisions
- Establishes the Community Escrow Fund in the State Treasury to hold CCO restricted reserves.
- Requires the Oregon Health Authority to withhold a portion of CCO global budget payments and deposit them into the Community Escrow Fund.
- Allows CCOs to request payments from the Community Escrow Fund to cover costs not initially budgeted.
- Sets a target reserve amount of $250,000 plus 50% of projected liabilities exceeding $250,000 to be maintained in the escrow fund.
- Amends ORS 414.572 to update requirements for CCO financial qualifications, including reserve levels.
- Requires the Oregon Health Authority to adopt rules for accessing and managing funds within the Community Escrow Fund.
- Allows CCOs to use withheld funds to cover operating expenses.
- Updates ORS 415.056 to provide confidentiality protections for financial information related to coordinated care organizations.
Who is affected
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