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LME/MCO Solvency Ranges Quarter Ending June 30, 2020, Session Law 20185, Section 11F.10©Report to The Joint Legislative Oversight Committee on Medicaid and NC Health Choice, The Joint Legislative
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01
Gather the necessary financial information related to your LME-MCO's solvency.
02
Review the instructions and guidelines provided by the regulatory authorities regarding filling out the quarterly solvency ranges.
03
Start by entering the relevant financial figures in the designated fields of the solvency range form.
04
Make sure to accurately calculate the solvency ratios based on the provided formulas or guidelines.
05
Double-check all the entered information for any errors or inaccuracies.
06
Submit the completed solvency range form to the appropriate regulatory agency within the designated deadline.

Who needs quarterly lme-mco solvency ranges?

01
LME-MCOs (Local Management Entity-Managed Care Organizations) and their regulatory authorities need quarterly solvency ranges. It helps to assess the financial stability and solvency of these organizations as they provide managed care services within the designated region.
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Quarterly LME-MCO solvency ranges refer to the financial requirements that Local Management Entities-Managed Care Organizations must meet to ensure financial stability.
Local Management Entities-Managed Care Organizations are required to file quarterly LME-MCO solvency ranges.
Quarterly LME-MCO solvency ranges can be filled out by providing financial data and other required information in the designated form provided by the regulatory authority.
The purpose of quarterly LME-MCO solvency ranges is to ensure that Local Management Entities-Managed Care Organizations are financially sound and able to meet their obligations.
The information reported on quarterly LME-MCO solvency ranges includes financial statements, cash flow projections, and other relevant financial data.
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