Additional Disclosable Party Law and Legal Definition

Additional disclosable party means any person or entity who exercises operational, financial, or managerial control, provides policies or procedures for facility operations, provides financial or cash management services, provides management or administrative services, clinical consulting services, accounting or financial services, leases or subleases real property to the facility and owns a whole or part interest equal to or exceeding 5%.

The term "additional disclosable party" with respect to a facility is defined under 42 USCS § 1320a-3 (c) (5)(A) as any person or entity who:

(i) exercises operational, financial, or managerial control over the facility or a part thereof, or provides policies or procedures for any of the operations of the facility, or provides financial or cash management services to the facility;

(ii) leases or subleases real property to the facility, or owns a whole or part interest equal to or exceeding 5 percent of the total value of such real property; or

(iii) provides management or administrative services, management or clinical consulting services, or accounting or financial services to the facility.