Illinois Nursing Home Administrators (NHA) Practice Exam

When may the Department require a facility to submit a financial report?

1. Only once a year

2. Whenever there is a change of five percent or more in ownership

3. Only if the facility participates in the Medicare or Medicaid programs

4. As frequently as the Dept. wants

The correct answer is: As frequently as the Dept. wants

The Department has the authority to require a facility to submit a financial report as frequently as needed to ensure compliance with regulations, monitor financial health, and protect the interests of residents. This flexibility allows the Department to respond to specific situations, such as financial instability, changes in ownership or management, and other circumstances that may warrant closer scrutiny of a facility's financial operations. By exercising this authority, the Department can gather timely information that reflects the current state of the facility’s finances, thereby enabling effective oversight and ensuring that the facility meets the necessary standards to provide care. This approach emphasizes the importance of ongoing evaluation rather than limiting reporting requirements to specific events or timeframes.