Nursing Home Disclosure Bill Wins Approval

A bill requiring for-profit nursing homes that receive state funding to report their profits and losses from related businesses won legislative approval early Tuesday – a win for the union representing nursing home workers, which had the Malloy administration’s backing. The state Senate voted 24 to 11 to approve the bill, which also empowers a Nursing Home Financial Advisory Committee to examine quality of care, staffing levels and the financial solvency of nursing homes. The bill passed the House last week. The legislation requires nursing homes to disclose the financial status of any “related party” businesses that contract with the homes – such as associated companies that own the facility properties, or spinoff businesses that provide rehabilitation or management services. The original proposal required that the nursing homes report profits and losses for any related businesses that receive more than $10,000 a year, but that dollar amount was upped to $50,000 in the final proposal.

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