SB808

Virginia SB808 mandates nursing facilities to disclose related party rent expenses and reduces incentive payments if such expenses exceed a certain.

Virginia SB808 requires nursing facilities to publicly disclose details about rent or lease payments made to related parties, including the recipient's name, the nature of the relationship, specific lease terms, and the total rent expense. These disclosures must be updated annually and made accessible on the facility's or operator's website. The Department of Medical Assistance Services (DMAS) will establish regulations for these disclosures, ensuring they remain publicly available for at least five years. Failure to comply with these disclosure requirements is a punishable offense.