It is still too early in the rulemaking process to know what will be included in the Biden administration’s final rule on transparency of nursing home ownership, but there are some steps facilities can take to prepare, according to experts.
The rule, proposed by the Department of Health and Human Services (HHS) on Feb. 15, would require nursing homes to disclose more information to the Centers for Medicare and Medicaid Services (CMS) about their ownership and operations, particularly concerning private equity ownership and any relationships with real estate investment trusts (REITs).
“The policy started from the assumption that there is a problem with REITs and private equity and corporate-owned nursing homes,” said J. Malcolm DeVoy, a partner at law firm Holland & Hart.
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