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This document is utilized to disclose ownership and control interests in facilities related to health care services, ensuring compliance with state regulations. It requires detailed responses about
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How to fill out state disclosure of ownership

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How to fill out STATE DISCLOSURE OF OWNERSHIP AND CONTROL INTEREST STATEMENT

01
Start with the heading of the document indicating 'State Disclosure of Ownership and Control Interest Statement'.
02
Fill in the name of the individual or entity submitting the statement.
03
Provide the address of the individual or entity.
04
List all owners or individuals with a control interest in the entity, including their full names.
05
Include the percentage of ownership or control interest held by each individual.
06
Indicate the means through which ownership or control is held (e.g., directly, indirectly).
07
Provide any relevant identification numbers, such as Social Security numbers or taxpayer IDs, where applicable.
08
Review the completed form for accuracy ensuring all sections are filled.
09
Sign and date the statement at the bottom.
10
Submit the form to the appropriate state regulatory authority.

Who needs STATE DISCLOSURE OF OWNERSHIP AND CONTROL INTEREST STATEMENT?

01
Businesses or entities applying for state licenses or permits.
02
Healthcare providers seeking participation in state Medicaid or Medicare programs.
03
Any organization required to disclose ownership and control as part of regulatory compliance.
04
Contractors working with state agencies that necessitate ownership disclosure.
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People Also Ask about

Disclosing entity means a Medicare/Medicaid Provider (other than an individual practitioner), or a fiscal agent.
The submissions of a Provider Entity Disclosure of Ownership, Controlling Interest and Management Statement (Provider Entity form) is a federal regulation requirement under 42 CFR Part §455, applicable to all providers that participate in state-based health care programs, such as Medicaid & CHIP, and provide services
Person with ownership or control interest means a person or corporation that: Has an ownership interest totaling 5 percent or more in a disclosing entity; Has an indirect ownership interest equal to 5 percent or more in a disclosing entity; Has a combination of direct and indirect ownership interests equal to 5 percent
Providers are required to disclose to the U.S. Department of Health and Human Services, the State. Medicaid Agency, and to Managed Care Organizations that contract with a State Medicaid Agency: 1) The identity of all owners with a controlling interest of 5% or greater.

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The STATE DISCLOSURE OF OWNERSHIP AND CONTROL INTEREST STATEMENT is a document that requires entities to disclose the identities of individuals or organizations that have ownership or control over the entity. This ensures transparency in business operations and compliance with regulations.
Typically, all entities that engage in business or seek certain state contracts or licenses are required to file the STATE DISCLOSURE OF OWNERSHIP AND CONTROL INTEREST STATEMENT. This may include corporations, partnerships, and limited liability companies.
To fill out the STATE DISCLOSURE OF OWNERSHIP AND CONTROL INTEREST STATEMENT, follow these steps: provide the entity's basic information, list the names of individuals or entities with ownership or control interests, describe their percentage of ownership or control, and sign the statement certifying its accuracy.
The purpose of the STATE DISCLOSURE OF OWNERSHIP AND CONTROL INTEREST STATEMENT is to promote transparency and accountability by allowing state agencies to identify those who have significant control over an entity. This is vital for regulatory compliance and preventing corruption.
The information that must be reported includes the names and contact details of individuals or entities that own or control the business, their percentage of ownership or control, the nature of their interest, and any relevant changes to this information over time.
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