An Act relative to transparency and accountability in nursing homes

This bill requires nursing homes in Massachusetts to submit annual consolidated financial reports starting in fiscal year 2025. These reports must be reviewed by a certified public accountant and include detailed statements on assets, income, patient revenue sources, and cash flow. The legislation also mandates that facilities disclose information about related parties, such as management companies or suppliers, that receive over $200,000 in payments. Finally, the state office responsible for elder affairs must post these documents on its website, making the financial data available to the public.