10 Colo. Code Regs. § 2505-10-8.424
Staff of the county Department of Health and Human Services, the staff of the State Department of Human Services, the staff of the Colorado Department of Public Health and Environment or contractors of said Department or members of the Medicaid Fraud Control Unit,may make periodic visits and request documentation to nursing facilitiesfor purposes of determining compliance with applicable regulationsand to determine the appropriate rate to be paid to the facility, and for other purposes as may be authorized for the administration of the Colorado Medical Assistance Program.
All medical and financial records and documents related to the above purposes shall promptly be made available to the Department.
"Closing" The Department will conduct an audit when there is a pending change of ownership in order to determine whether payment adjustments or recoveries are necessary pursuant to Section 8.443.15 Change of Ownership, Change in Tax ID or Withdrawal from Medicaid.
10 CCR 2505-10-8.424