S 3463: Makes certain changes to regulation of health care service firms.
S 3463 requires businesses that place or refer providers of companion, health care, or personal care services in a person’s home (to individuals with disabilities or age 60+) to register as "Health Care Service Firms" and comply with new regulations, excluding existing home health care and hospice agencies. Key provisions include mandatory accreditation within 12 months of registration, annual financial statements, and tiered audit or reporting requirements based on revenue: firms receiving over $500,000 in Medicaid Personal Care Assistance revenue must submit audits every three years, while those with $10 million+ in annual gross income must audit annually. Smaller firms (under $500,000 in Medicaid revenue and $1-10 million in gross income) must submit third-party reports detailing insurance, litigation, and regulatory actions. The Division of Consumer Affairs will enforce these rules to ensure transparency and quality in the care sector.





