Adds and revises items for nursing homes to submit to DOH in annual financial report.
This bill requires New Jersey nursing homes to submit additional ownership details in their annual financial reports to the Department of Health (DOH), including information about parent companies, sister companies, holding companies, and private equity investors. It lowers the threshold for reporting ownership in mortgages or loans from 10% to 5% and adds new requirements for disclosing relationships with corporate entities. The bill also authorizes the DOH to restrict new admissions at facilities that fail to file required reports or submit false information until compliance is achieved. These changes aim to increase transparency in nursing home ownership and financial operations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Health Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shanique Speight
DDemocratic
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