Fierce Healthcare November 15, 2023
The Centers for Medicare & Medicaid Services (CMS) has finalized a rule that will require more transparency into nursing home ownership.
Under the rule, nursing facilities that are enrolled in Medicare and Medicaid, which encompasses most, must disclose additional details about their owners, operators and management. CMS said in a press release that the final rule aims to more clearly define private equity and real estate investment trusts to make these disclosures simpler.
The rule is the Biden administration’s latest move to address quality of care in nursing homes. Alongside the rule, the Department of Health and Human Services’ (HHS’) Office of the Assistant Secretary for Planning and Evaluation issued a study that examines quality in facilities owned by private...
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