Provides for rates for residential health care facilities

This bill updates how New York state calculates payment rates for residential health care facilities (like nursing homes) that provide long-term care. It requires the state to adjust rates annually based on current operating costs, with mandatory updates by April 2026 and every five years after, using the most recent cost data. Certain specialized facilities (such as those for children, ventilator-dependent patients, or behavioral health) retain historical rates adjusted for inflation, while others transition to the new cost-based system over a minimum four-year period. The bill also mandates a workgroup of experts to advise on rate-setting methodology and includes provisions for quality improvement funding.