Maryland SB663 mandates nursing homes to annually submit cost reports and ensure at least 75% of revenue is spent on direct care wages and benefits.

Maryland SB663 requires nursing homes to annually submit a cost report to the Maryland Department of Health, starting in 2027. The report must include documentation of wage disbursement and other information deemed appropriate by the Department. The bill also mandates that nursing homes spend at least 75% of their total nursing and residential care revenue on direct care wages and benefits. Failure to comply with these requirements can result in enforcement actions, including corrective plans and suspension or termination from the Maryland Medical Assistance Program.

Maryland SB663 mandates nursing homes to annually submit cost reports and ensure at least 75% of revenue is spent on direct care wages and benefits.

Maryland SB663 requires nursing homes to annually submit a cost report to the Maryland Department of Health, starting in 2027. The report must include documentation of wage disbursement and other information deemed appropriate by the Department. The bill also mandates that nursing homes spend at least 75% of their total nursing and residential care revenue on direct care wages and benefits. Failure to comply with these requirements can result in enforcement actions, including corrective plans and suspension or termination from the Maryland Medical Assistance Program.