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Bill to require nursing home financial disclosures draws mixed testimony; committee holds measure

2768689 · March 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate Bill 704 would expand financial transparency requirements for nursing homes to include related‑party transactions and require public disclosure; SEIU and advocates supported the measure, while the Rhode Island Healthcare Association called it duplicative of existing federal and state reporting. The committee held the bill.

Senate Bill 704, introduced by Senator Oyer, would expand Rhode Island’s nursing‑home transparency laws to require disclosure of related‑party entities, financial flows, cost and revenue details, and whether services provided by related parties were billed at fair market value. Supporters said expanded disclosure would reveal whether public funds are being redirected away from resident…

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