New Jersey S2980 revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.

New Jersey S2980 revises the reporting requirements for nursing homes concerning financial disclosures and ownership structure. The bill mandates that nursing homes submit annual reports to the Department of Health (DOH) within 165 days after the end of their fiscal year. These reports must include detailed financial statements, including balance sheets, statements of operations, and changes in equity. The bill also requires enhanced disclosure of the owners and principals of the owners, management companies, and related parties to a nursing home.

New Jersey S2980 revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.

New Jersey S2980 revises the reporting requirements for nursing homes concerning financial disclosures and ownership structure. The bill mandates that nursing homes submit annual reports to the Department of Health (DOH) within 165 days after the end of their fiscal year. These reports must include detailed financial statements, including balance sheets, statements of operations, and changes in equity. The bill also requires enhanced disclosure of the owners and principals of the owners, management companies, and related parties to a nursing home.