- (1) A nursing care facility licensee approved for a health facility license under Subsection 26B-2-222(2)(c) shall submit an annual financial report within 90 days of the end of each calendar year.
(2) The annual financial report shall contain:
- (a) percentage of Medicare inpatient revenue including Medicare Advantage revenue in relation to the total of any revenue received within the calendar year;
- (b) total of any Medicare Advantage revenue received within the calendar year;
- (c) total of any Medicare inpatient revenue received within the calendar year; and
- (d) total of any revenue received within the calendar year.
(3)(a) OL shall review the submitted reports for compliance with Subsection 26B-2-222(7)(a).
- (b) OL may perform financial audits as part of a review.
- (c) If OL determines a facility is not in compliance with Subsection 26B-2-222(7)(a), a CMP of $50,000 will be issued for the facility's failure to comply.
KEY: health care facilities
Date of Last Change: February 18, 2025
Notice of Continuation: January 24, 2022
Authorizing, and Implemented or Interpreted Law: 26B-2-202