The West Virginia Health Care Authority announced that the capital expenditure minimum for calendar year 2010 is $2,767,500.
The capital expenditure minimum is typically used by the Authority when reviewing whether or not certain health relate projects require certificate of need review.
The Authority provided the following announcement via its website:
Pursuant to West Virginia Code §§ 16-2D-2(h) and (s), the Authority is required to adjust the expenditure minimum annually and publish an update of the amount on or before December 31 of each year. The expenditure minimum adjustment shall be based on the DRI inflation index published in the Global Insight DRI/WEFA Health Care Cost Review. The DRI inflation index as of December 31, 2009 is 2.5%.
The capital expenditure minimum for calendar year 2010 is $2,767,500.