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Proposed rule would require disclosure of additional ownership and management information to shine a light on private equity ownership Administration seeking to implement Section 6101(a) of the Affordable Care Act
Proposed rule would require disclosure of additional ownership and management information to shine a light on private equity ownership
Administration seeking to implement Section 6101(a) of the Affordable Care Act
As President Biden made clear in his second State of the Union address, the Biden-Harris Administration is unwavering in its commitment to improve the safety and quality of care in the nation’s nursing homes. Over the past year, the U.S. Department of Health and Human Services (HHS) has taken historic actions to deliver on the President’s call to action and ensure seniors and people with disabilities get the reliable, high-quality care they deserve.
Today, in a continued effort to deliver on the President’s commitment, HHS announced additional action to increase the transparency of nursing home ownership and management. The Department issued a proposed rule to require nursing homes to disclose to CMS and states additional ownership and management information. The rule also includes private equity and real estate investment trust definitions, setting the stage for the disclosure of whether nursing home owners are private equity investors or real estate investment trusts. The proposal marks an important step in continuing to implement President Biden’s initiative to improve the quality and care available at nursing homes. By making facility ownership and oversight more transparent, nursing home residents and their families will be more empowered to make informed decisions about care.
Over 20 years’ experience handling cases involving nursing homes and assisted living facilities. Expertly representing victims of nursing home and assisted living facility abuse and neglect, and one of the few attorneys in the country who has tried and arbitrated to verdict cases in multiple states.