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A New Bill Could Provide More Transparency On Nursing Home Finances


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The state legislature is considering a bill that would require more transparency from skilled nursing facilities on their corporate structure and finances.
Under Senate Bill 650, nursing home owners would have to disclose the finances of all entities under their umbrella that provide services to those facilities.
State Senator Henry Stern, who represents parts of L.A. and Ventura counties, introduced the bill in February. He says the largest operators shuffle billions of dollars in insurance payments among organizations that are under their management, and the state doesn t know if they re using all that money to provide services to patients. ....

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