R432-150-29. Annual Reporting Requirements

(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.