- (a) The purpose of this part is to establish licensure and solvency requirements of risk-based provider organizations (RBPOs) participating in the Medicaid Provider-Led Organized Care Act, Arkansas Code § 20-77-2701 et seq.
(b) This part:
- (1) Provides application requirements of the RBPO participating in the program;
- (2) Addresses standards for imposition of additional amounts of funds above reserve requirements to adjust to risk in Arkansas Code § 20-77-2706(f)(4)(B);
- (3) Establishes financial reporting requirements of the RBPO;
- (4) Imposes a reasonable fee for the regulation and licensing of the RBPO by rule under Arkansas Code § 23-61-117(b)(2); and
- (5) Prescribes the reporting, forms, and requirements related to the payment of the quarterly tax under Arkansas Code § 23-61-117(b)(3).