This bill amends the regulation of health care service firms in New Jersey, primarily focusing on the requirements for registration and auditing. Notably, it raises the annual Medicaid reimbursement threshold for personal care assistance services that necessitate an audit from $250,000 to $500,000. Additionally, it mandates that health care service firms submit their audits by September 30th of the calendar year in which they are due. The bill also modifies the reporting requirements for firms generating less than $10 million in gross income, revising the information that must be included in their reports.

Furthermore, the bill introduces provisions for corrective actions if the Division of Consumer Affairs finds reasons to doubt a firm's financial viability based on submitted reports. It allows audits to be conducted by certified public accountants licensed in New Jersey or any other U.S. jurisdiction. The legislation aims to enhance oversight and accountability within the health care service sector, ensuring that firms comply with financial and operational standards.

Statutes affected:
Introduced: 34:8-45.1