Florida Senate - 2022                                    SB 1324
       
       
        
       By Senator Burgess
       
       
       
       
       
       20-01427-22                                           20221324__
    1                        A bill to be entitled                      
    2         An act relating to nursing home financial reporting;
    3         amending s. 408.061, F.S.; specifying that the audited
    4         actual experience of a nursing home or its home office
    5         is the actual financial experience for purposes of
    6         annual financial reporting to the Agency for Health
    7         Care Administration; providing an effective date.
    8          
    9  Be It Enacted by the Legislature of the State of Florida:
   10  
   11         Section 1. Subsections (5) and (6) of section 408.061,
   12  Florida Statutes, are amended to read:
   13         408.061 Data collection; uniform systems of financial
   14  reporting; information relating to physician charges;
   15  confidential information; immunity.—
   16         (5) Within 120 days after the end of its fiscal year, each
   17  nursing home as defined in s. 408.07 shall file with the agency,
   18  on forms adopted by the agency and based on the uniform system
   19  of financial reporting, its actual financial experience for that
   20  fiscal year, including expenditures, revenues, and statistical
   21  measures. Such data may be based on internal financial reports
   22  that are certified to be complete and accurate by the chief
   23  financial officer of the nursing home. However, a nursing home’s
   24  actual financial experience shall be its audited actual
   25  experience. This audited actual experience must include the
   26  fiscal year-end balance sheet, income statement, statement of
   27  cash flow, and statement of retained earnings and must be
   28  submitted to the agency in addition to the information filed in
   29  the uniform system of financial reporting. The financial
   30  statements must tie to the information submitted in the uniform
   31  system of financial reporting, and a crosswalk must be submitted
   32  along with the financial statements.
   33         (6) Within 120 days after the end of its fiscal year, the
   34  home office of each nursing home as defined in s. 408.07 shall
   35  file with the agency, on forms adopted by the agency and based
   36  on the uniform system of financial reporting, its actual
   37  financial experience for that fiscal year, including
   38  expenditures, revenues, and statistical measures. Such data may
   39  be based on internal financial reports that are certified to be
   40  complete and accurate by the chief financial officer of the
   41  nursing home. However, the home office’s actual financial
   42  experience shall be its audited actual experience. This audited
   43  actual experience must include the fiscal year-end balance
   44  sheet, income statement, statement of cash flow, and statement
   45  of retained earnings and must be submitted to the agency in
   46  addition to the information filed in the uniform system of
   47  financial reporting. The financial statements must tie to the
   48  information submitted in the uniform system of financial
   49  reporting, and a crosswalk must be submitted along with the
   50  audited financial statements.
   51         Section 2. This act shall take effect July 1, 2022.