HB 5183

Abstract

Amends the Long-Term Care Provider Funding Article of the Illinois Public Aid Code. In provisions concerning annual reporting, provides that a provider who commences operating or maintaining a long-term care facility that was under a prior ownership and remained licensed by the Department of Public Health shall notify the Department of Healthcare and Family Services of any change in ownership, regardless of percentage, and shall be responsible to immediately pay any prior amounts owed by the facility. Provides that within 90 days after the effective date of the amendatory Act, all providers operating or maintaining a long-term care facility shall notify the Department of all individual owners and any individuals or organizations that are part of a limited liability company with ownership of that facility and the percentage ownership of each owner. Provides that this ownership reporting requirement does not include individual shareholders in a publicly held corporation. Effective immediately.