Nursing Home Disclosure Bill Aims To Increase Transparency

A new bill that would require nursing homes in Connecticut to disclose the financial status of any “related party” businesses that contract with the homes is being touted as a way to increase transparency by Governor Malloy. The bill would require nursing homes to report profits and losses from any side businesses that receive more than $10,000 a year from them. Supporters believe the bill will help the state to identify nursing homes in “true financial distress, versus those that claim money woes, but actually have profitable affiliated businesses.”

Connecticut nursing homes are fighting the bill, saying that they already report on related businesses in detailed cost reports filed with the Department of Social Services. The proposed bill passed the judiciary committee, and will move to the legislature in the remaining weeks of the session.

Click here to read more

Advertisements

One thought on “Nursing Home Disclosure Bill Aims To Increase Transparency

  1. Pingback: Monday Morning Recap | hmsabc

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s