Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. SB 542
       
       
       
       
       
       
                                Ì9544084Î954408                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  11/17/2015           .                                
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       The Committee on Health Policy (Garcia) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 21 - 31
    4  and insert:
    5  or audited by certified public accountants.
    6         1. A nursing home that is part of the same corporate entity
    7  as a continuing care facility licensed under chapter 651 which
    8  meets the minimum liquid reserve requirements specified in s.
    9  651.035 satisfies the financial soundness and stability
   10  requirement if such continuing care facility and is accredited
   11  by a recognized accrediting organization under s. 651.028 and
   12  rules of the Office of Insurance Regulation, satisfies this
   13  requirement as long as the accreditation is not provisional; or
   14  if such continuing care facility demonstrates that it meets in
   15  its entirety the financial standards adopted by the agency.
   16         2. A nursing home that is part of a multifacility corporate
   17  entity operating nursing homes, assisted living facilities, or
   18  independent living facilities or a combination thereof satisfies
   19  the financial soundness and stability requirement if the nursing
   20  home submits a consolidated corporate financial statement to the
   21  agency and demonstrates that the multifacility corporate entity
   22  in its entirety meets the financial standards adopted by the
   23  agency.