Determination of conversion factor adjustments.
Adjustments to the conversion factors for providers and services covered by the fee schedules and by department policy may occur annually following prior public hearings.
Such adjustments will be based on the estimated increase/decrease in the state's average wage for the current year and on other factors as determined by department policy. The following calendar year's estimate, of the average state wage will be adjusted to reflect the actual increase/decrease in the state's average wage for the preceding year.
The total percentage change for any one calendar year for the conversion factors may not exceed the total of the estimated increase/decrease in the current year, plus or minus the actual adjustment for the preceding calendar year.
[Statutory Authority: RCW 51.04.020
(4) and 51.04.030. WSR 96-10-086, § 296-20-132, filed 5/1/96, effective 7/1/96. Statutory Authority: RCW 51.04.020
, 51.04.030 and 1993 c 159. WSR 93-16-072, § 296-20-132, filed 8/1/93, effective 9/1/93. Statutory Authority: RCW 51.04.020
(4) and 51.04.030. WSR 88-24-011 (Order 88-28), § 296-20-132, filed 12/1/88, effective 1/1/89; WSR 82-24-050 (Order 82-39), § 296-20-132, filed 11/29/82, effective 1/1/84.]