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 Mark Sanfacon leads as CEO of National
Datacare Corporation, which he has
developed into the industry standard for
patient financial account management.
Under Mark Sanfacon's guidance, National
Datacare Corporation helps nursing
facilities of all sizes remain complaint with
federal regulations.
Under the Nursing Home Reform Law of
1987, all residents in nursing homes have the
right to access their personal funds.
 Nursing homes certified by Medicaid and/or
Medicare must have a system in place to
manage resident accounts, and this system
most not consist of a single account in which
an individual patient's funds merge with those
of the care center. The patient must have his or
her own account and must be able to access
financial records.
Medicaid and/or Medicare nursing homes are
also required to provide a reasonable level of
financial protection against loss and must offer
a protective measure, such as a surety bond, in
order to meet this level of compliance.
 Maintaining individual accounts with this
level of security can be cumbersome
when dealing directly with banks, so
companies like National Datacare
Corporation provide structured accounts
that allow separate resident funds and
regular compliant reporting.

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Federal Regulations Regarding Nursing Home Funds

  • 1.
  • 2.  Mark Sanfacon leads as CEO of National Datacare Corporation, which he has developed into the industry standard for patient financial account management. Under Mark Sanfacon's guidance, National Datacare Corporation helps nursing facilities of all sizes remain complaint with federal regulations. Under the Nursing Home Reform Law of 1987, all residents in nursing homes have the right to access their personal funds.
  • 3.  Nursing homes certified by Medicaid and/or Medicare must have a system in place to manage resident accounts, and this system most not consist of a single account in which an individual patient's funds merge with those of the care center. The patient must have his or her own account and must be able to access financial records. Medicaid and/or Medicare nursing homes are also required to provide a reasonable level of financial protection against loss and must offer a protective measure, such as a surety bond, in order to meet this level of compliance.
  • 4.  Maintaining individual accounts with this level of security can be cumbersome when dealing directly with banks, so companies like National Datacare Corporation provide structured accounts that allow separate resident funds and regular compliant reporting.