COLORADO NHA FINAL EXAM 2025 LATEST EDITION WITH
CURRENTLY TESTING RATIONALES ACCURATELY SOLVED
When the Department conducts a preliminary assessment and has notified the applicant
of any defects, how long does the applicant have to respond?
14 days
How long is a provisional license good for
90 days
how long is a regular license good for
one year
when does a facility need to submit their license renewal
60 days prior to the expiration of its existing license
If a facility has a license with an insurance policy and any portion of self insured retention
or alternate form of security, when should they submit their license application and fee to
the Department
at least 90 days prior to expiration
,If a renewal is not submitted to the department at least 30 days prior to expiration what
happens
there is a late fee
When the Department performs a preliminary assessment for renewal how long does the
applicant have to respond?
14 days
when does a facility need to submit a change of ownership
90 days before the change
A change of ownership for a health care agency, facility for the developmentally disabled,
outpatient mental health, extended care facility or hospice with 16 or fewer beds -
including nursing homes and rehab facilities need to submit a change of ownership
within 30 days
When is it considered a change of ownership?
a xfer of at least 50% of the licensed health care facilities direct/indirect ownership interest
to one or more new owners
When is it considered a change of ownership for a sole proprietorship
when there is a transfer of 50% of ownership to another individual
,when is it not considered a change of ownership for a sole proprietorship
forming a corporation
when is it considered a change of ownership for a partnership
when there is a dissolution of partnership and conversion to another legal structure
when there is a transfer of at least 50% of ownership to new owners
when is it not considered a change of ownership for a partnership
Dissolution of partnership
When is it considered a change of ownership for a corporation
consolidation of 2 or more corporations to form a new corporation
must involved a xfer of at least 50% ownership
formation of corporation from a partnership, sole proprietor, or LLC (with a transfer of at
least 50%ownership)
Xfer, purchase or sale of shares in corporation of at least 50% is shifted to one or more new
owners
When is it considered a change of ownership with a LLC
xfer of 50% ownership interest
, termination or dissolution of company and conversion into any other entity (needs to
include at least 50% of ownership to new owners)
What does change of ownership not include
xfers of ownership between existing members if transaction does not involve acquisition of
ownership interest by a new member
When is it considered a change of ownership when dealing with management contracts,
leases or other operating arrangements
a lease or management agreement where owner retains no authority or responsibility for
the operation and management of healthcare facility
When does the facility need to report a name change
30 days prior to the change
If a license is issued to a new owner when does the previous owner need to return their
license to the department
within 5 days
What is a fitness review
department review the applicants fitness to conduct or maintain licensed operation
CURRENTLY TESTING RATIONALES ACCURATELY SOLVED
When the Department conducts a preliminary assessment and has notified the applicant
of any defects, how long does the applicant have to respond?
14 days
How long is a provisional license good for
90 days
how long is a regular license good for
one year
when does a facility need to submit their license renewal
60 days prior to the expiration of its existing license
If a facility has a license with an insurance policy and any portion of self insured retention
or alternate form of security, when should they submit their license application and fee to
the Department
at least 90 days prior to expiration
,If a renewal is not submitted to the department at least 30 days prior to expiration what
happens
there is a late fee
When the Department performs a preliminary assessment for renewal how long does the
applicant have to respond?
14 days
when does a facility need to submit a change of ownership
90 days before the change
A change of ownership for a health care agency, facility for the developmentally disabled,
outpatient mental health, extended care facility or hospice with 16 or fewer beds -
including nursing homes and rehab facilities need to submit a change of ownership
within 30 days
When is it considered a change of ownership?
a xfer of at least 50% of the licensed health care facilities direct/indirect ownership interest
to one or more new owners
When is it considered a change of ownership for a sole proprietorship
when there is a transfer of 50% of ownership to another individual
,when is it not considered a change of ownership for a sole proprietorship
forming a corporation
when is it considered a change of ownership for a partnership
when there is a dissolution of partnership and conversion to another legal structure
when there is a transfer of at least 50% of ownership to new owners
when is it not considered a change of ownership for a partnership
Dissolution of partnership
When is it considered a change of ownership for a corporation
consolidation of 2 or more corporations to form a new corporation
must involved a xfer of at least 50% ownership
formation of corporation from a partnership, sole proprietor, or LLC (with a transfer of at
least 50%ownership)
Xfer, purchase or sale of shares in corporation of at least 50% is shifted to one or more new
owners
When is it considered a change of ownership with a LLC
xfer of 50% ownership interest
, termination or dissolution of company and conversion into any other entity (needs to
include at least 50% of ownership to new owners)
What does change of ownership not include
xfers of ownership between existing members if transaction does not involve acquisition of
ownership interest by a new member
When is it considered a change of ownership when dealing with management contracts,
leases or other operating arrangements
a lease or management agreement where owner retains no authority or responsibility for
the operation and management of healthcare facility
When does the facility need to report a name change
30 days prior to the change
If a license is issued to a new owner when does the previous owner need to return their
license to the department
within 5 days
What is a fitness review
department review the applicants fitness to conduct or maintain licensed operation
