Change in Ownership:-Assume the Assets and Liabilities

By a a on Sun, 01/01/2023 - 19:04

 

    Detailed Question

    Change in Ownership:

    • There are two types of change in ownership transactions:
      • — The more common situation requires the new owner to assume the assets and liabilities of the prior owner and retain the current CCN number.
      •  
      • In this case: ○
        • The assessment schedule for existing residents continues, and the facility continues to use the existing provider number. ○
        • Staff with QIES user IDs continue to use the same QIES user IDs. ○
        • Example: if the Admission assessment was done 10 days prior to the change in ownership, the next OBRA assessment would be due no later than 92 days after the ARD (A2300) of the Admission assessment and would be submitted using the existing provider number. If the resident is in a Part A stay, and the 5-Day PPS assessment was combined with the OBRA Admission assessment, the next PPS assessment could be an Interim Payment Assessment (IPA), if the provider chooses to complete one, and would also be submitted under the existing provider number.
    Manual Version Used
    MDS 3.0 Manual Version 1.17.1

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    Essential Skills:

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