Adds language authorizing transfer of General Fund appropriations for certain licensed health care entities to Division of Medical Assistance and Health Services to maximize federal Medicaid payments to certain faculty physicians and non-physician professionals.

This bill (S 3916) authorizes licensed hospitals and healthcare entities in New Jersey to transfer state funds from their General Fund appropriations to the Division of Medical Assistance and Health Services. The goal is to maximize federal Medicaid payments for faculty physicians and non-physician professionals (like nurse practitioners) affiliated with public medical and dental schools through the existing MAPS program. Transfers require approval from the Director of the Division of Budget and Accounting and must follow federal Medicaid guidelines.