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The Committee on Health Regulation (Jones) recommended the

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following amendment:

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     Senate Amendment (with title amendment)

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     Between line(s) 265 and 266,

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insert:

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     (d) A business plan, signed by the applicant, that details

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the home health agency's methods to obtain patients and its plan

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to recruit and maintain staff.

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     (e) Evidence of contingency funding equal to one month's

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average operating expense over the first year of operation.

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     (f) A balance sheet, income and expense statement, and

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statement of cash flows for the first 2 years of operation which

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provide evidence of having sufficient assets, credit, and

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projected revenues to cover liabilities and expenses. The

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applicant has demonstrated financial ability to operate if the

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applicant's assets, credit, and projected revenues meet or

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exceed projected liabilities and expenses. An applicant may not

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project an operating margin for any month in the first year of

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operation of 15 percent or greater. All documents required under

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this paragraph must be prepared in accordance with generally

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accepted accounting principles and compiled and signed by a

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certified public accountant.

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     (g) All other ownership interests in health care entities

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for each controlling interest, as defined in part II of chapter

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408.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line 4, after the semicolon,

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insert:

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requiring an applicant to submit a business plan, evidence

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of contingency funding, and disclosure of other ownership

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interests in health care entities of controlling

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interests; requiring certain standards in documentation

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demonstrating financial ability to operate;

3/3/2008  7:23:00 PM     HR.HR.04400