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Delaware General AssemblyDelaware RegulationsMonthly Register of RegulationsJanuary 2015

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16 Del.C. §1119C, Nursing Facilities and Similar Facilities
29 Del.C. §7903(10), Powers, duties and functions of the Secretary
2.2 Every facility (as defined in 16 Del.C. §1102(4)) licensed to provide care for more than three (3) residents shall be subject to this regulation. Facilities licensed to provide care for 3 or fewer residents shall be required to submit documentation demonstrating financial capability as required by the Department.
Accountant” means a practitioner of accounting or accountancy, which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resources.
An “Affiliate” of, or person “Affiliated” with, means a person that directly/or indirectly; through one or more intermediaries, controls, or is controlled by, or is under common control of the facility specified.
Audited Financial Report” means and includes those items specified in subsection 7.4 of this regulation.
Department” means the Delaware Department of Health and Social Services (DHSS)
Division” means the DHSS Division of Long Term Care Residents Protection (DLTCRP)
Facility” means a long term care facility as defined in 16 Del.C. §1102(4) and is licensed under 16 Del.C. §1103 to provide care and services to more than three (3) residents.
Financial Distress” means a finding by the Department following the analysis of an audit, complaint or data indicating that the financial condition of the facility threatens the health or safety of a resident(s) of a facility.
Generally Accepted Accounting Principles (GAAP)” means those principles that are recognized as the standard framework of guidelines for financial accounting.
Independent Certified Public Accountant” means an independent certified public accountant or accounting firm in good standing with the American Institute of Certified Public Accountants (AICPA) and in all states in which he or she is licensed to practice.
Last Updated: December 31 1969 19:00:00.
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