Bill > A4484

This bill revises reporting requirements for nursing homes concerning financial disclosures and ownership structure. Key provisions include: - Requiring nursing homes to submit more detailed information on their ownership, organizational structure, and financial statements, including consolidated financial statements for the nursing home, any third-party entities exercising substantial management control, and related parties. This information must be published on the nursing home's and the Department of Health's websites. - Expanding the definition of "related party" to include a broad range of organizations and individuals with financial interests in the nursing home or its operations. - Establishing new requirements for nursing homes to notify the Department of Health when delegating substantial management control to a third-party entity. - Authorizing the State Commission of Investigation to investigate nursing homes and providing for State audits of the Department of Health's oversight of nursing homes. - Allowing the Department of Health to curtail new admissions to nursing homes that fail to properly file required financial and ownership reports.

Health and Social Services

https://www.njleg.state.nj.us/bill-search/2022/A4484