Section R432-150-30 - 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) total of any revenue received within the calendar year;(b) total of any Medicare inpatient revenue received within the calendar year;(c) total of any Medicare Advantage revenue received within the calendar year; and(d) percentage of Medicare inpatient revenue including Medicare Advantage revenue in relation to the total of any revenue received within the calendar year.(3)(a) The department shall review the submitted reports for compliance with Subsection26B-2-222(7)(a).(b) The department may perform financial audits as part of a review.(c) If the department 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.Utah Admin. Code R432-150-30
Amended by Utah State Bulletin Number 2017-12, effective 5/16/2017Amended by Utah State Bulletin Number 2024-01, effective 12/12/2023