Revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.
The bill revises reporting requirements for nursing homes concerning financial disclosures and ownership structure. It mandates that nursing homes submit annual reports to the Department of Health (DOH) within 150 days after the end of their fiscal year, including balance sheets and statements of operations. The DOH will transmit these reports to the State Comptroller. The bill also requires nursing home owners and operators to provide detailed information about their ownership structure, including organizational charts and financial statements.
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