CMS proposes to require SNFs to disclose more ownership, governance data
The Centers for Medicare & Medicaid Services yesterday proposed requiring skilled nursing facilities participating in the Medicare and Medicaid programs to report on the Medicare enrollment application for institutional providers and to their state Medicaid agency certain additional information about their ownership, management, governance, real estate and financial relationships, including whether each direct or indirect owning or managing entity is a private equity company or real estate investment trust. The rule would implement Affordable Care Act provisions requiring SNFs to report information on their ownership and oversight. CMS recently requested comments on a revised form CMS-855A, which it plans to revise again to collect the new data on SNFs.