LAC 50:XXIII.105
LAC 50:XXIII.105. Administrative Requirements
Cite as La. Admin. Code tit. 50, pt. XXIII, § 105
A. A PACE organization must have a fiscally sound operation, as demonstrated by:
1. total assets greater than total unsubordinated liabilities;
2. sufficient cash flow and adequate liquidity to meet obligations as they become due; and
3. a net operating surplus or a financial plan for solvency that is satisfactory to the Centers for Medicaid and Medicare Services (CMS) and the Department of Health.
B. A PACE organization shall operate under the control of an identifiable governing body such as a board of directors, which must include at least one community representative. The following advisory committees shall also be established to advise the board of directors:
1. Consumer Advisory Committee;
2. Ethics Committee;
3. Restraint Committee; and
4. any other committees as required by CMS and/or LDH.