CMS Enhances Scrutiny of Nursing Home Ownership and Control Via New Disclosure Rule
Highlights
The U.S. Department of Health and Human Services has finalized a rule expanding ownership and control disclosure requirements for nursing homes enrolled in Medicare or Medicaid
The new rule seeks increased transparency with regard to private equity and real estate trust ownership in nursing homes
Existing Medicare skilled nursing facilities should anticipate off-cycle revalidations and be prepared to update ownership disclosures in conformity with the new rule
As part of a push to spotlight the ever-growing role of private equity in the healthcare industry, the U.S. Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS) finalized the nursing home ownership disclosure rule requiring Medicare skilled nursing facilities and Medicaid nursing facilities to disclose extensive ownership and managerial information.
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