Failure to Provide Resident with Required Quarterly Financial Statements
Penalty
Summary
The facility failed to provide quarterly financial statements to a resident whose personal funds were managed by the facility. According to facility policy, residents are entitled to receive a quarterly accounting of deposits, interest earned, and withdrawals from their trust fund accounts. Documentation showed that the facility was responsible for handling the resident's finances, and the resident's account had a balance of $1.74. However, during an interview, the resident reported not receiving any financial statements regarding their funds or a monthly allowance. Further investigation revealed that the Business Office Manager confirmed quarterly financial statements were not provided at the end of the quarter or within 30 days of the quarter's end. The facility lacked evidence that the resident was given statements detailing deposits, interest, or withdrawals. The resident's clinical record included diagnoses of morbid obesity, urinary tract infection, hypokalemia, and hypothyroidism at the time of the deficiency.