An Act relative to transparency and accountability in nursing homes

This bill requires nursing homes in Massachusetts to submit detailed annual financial reports starting in fiscal year 2025 to improve transparency. These reports must be reviewed by a certified public accountant and include specific data on assets, liabilities, income, expenses, patient revenue sources, and cash flow. Additionally, facilities must disclose information about related parties, such as management companies or suppliers, that receive over $200,000 annually. The Massachusetts office responsible for elder affairs will post these documents online, making them public records accessible to anyone.