Effective May 1, 2025, CMS will require requires nursing homes to disclose more detailed ownership information as part of an Affordable Care Act final rule issued Nov. 15, 2023.
Here are five things to know about the requirement:
- Nursing homes already are required to disclose ownership and managerial information under section 1124(a) of the Social Security Act. The final rule implements requirements under section 1124(c) of the Social Security Act that requires facilities to disclose detailed information about their ownership and management as well as parties associated with the facility and ownership structures of those parties.
- CMS form 855A has been revised to collect the additional data.
- CMS Medicare administrative contractors will notify facilities between October and December to collect ownership, managerial and related party information.
- One-third of Medicare enrolled nursing homes will be notified to revalidate ownership information in October, and the remaining two-thirds will get notices in November or December.
- Because of ongoing emergency efforts, the revalidation due date in Florida, Georgia, South Carolina, North Carolina and Tennessee is May 1.