Increasing FRV for Renovations, Remodeling and Adding Beds
According to the Medicaid Services Manual and Nevada Medicaid State Plan, a FRV reimbursement will be
used to determine each facility’s capital rate. Each facility’s FRV rates are
determined on the basis of allowable depreciation, capital related interest,
rent/lease, and amortization expenses. The FRV of each facility
will be adjusted to reflect the cost of major renovation projects completed within a 24-month period. The
renovation adjustment would be made on July 1 following completion
of the project.