On February 13th CMS released a proposed rule that would implement an Affordable Care Act provision requiring all nursing homes to disclose to CMS and state agencies additional ownership and management information. Medicare SNFs and Medicaid nursing facilities would need to disclose the owners, operators, and management information including administrative services and consulting groups. This proposed requirement provides definitions of private equity and real estate investment trust outlining an approach where all direct and indirect owning or managing equity would become public. CMS intends to make the reported information public when the rule is finalized and will use the CMS 855A Medicare enrollment application form for initial enrollment, revalidation or a change in ownership. The proposed rule is posted in the Federal Register.
