When checking Nursing Home Compare for your 5 Star Rating, have you checked the accuracy of your General Information? This reflects your Nursing Home information, such as number of beds, Medicare and Medicaid certification status, etc. It also shows your Ownership Information. By clicking on the link “Get more ownership information” you will be shown the information on file with CMS, including owner’s name(s), Board Members, and Managing Employees.
A 2016 Office of the Inspector General (OIG) report noted that providers may not be informing CMS of ownership changes. Providers must update their enrollment information to reflect changes in ownership within 30 days. Owners are individuals or corporations with a 5 percent or more ownership or controlling interest. Failure to comply could result in revocation of your Medicare billing privileges. The general rule is that changes in Ownership and Managing Employees needs to be done within 30 days of the change.
This notification can be done 1 of 2 ways:
- You can update your information on the Medicare Enrollment Application Form. This can be found here. You will need to complete sections 1, 2B1, 3, 6,13 & 15 of the form to update the application.
- Alternatively you can update your information through PECOS. For a tutorial on how to update the information in PECOS click here.
