(a) The Department shall develop and implement a demonstration project to allow for the use of a risk assessment tool to assist in identifying elderly persons, including homebound persons, who may be experiencing elder abuse, abandonment, neglect, or exploitation and providing the necessary support to address elder abuse, abandonment, neglect, or exploitation. The Department shall finalize planning on the demonstration project no later than December 1, 2023 with implementation beginning no later than January 1, 2024. The risk assessment tool shall identify (i) the level of risk for elder abuse, abandonment, neglect, or exploitation; (ii) risk factors causing the abuse, abandonment, neglect, or exploitation; and (iii) appropriate follow-up and action in response to any suspected abuse, abandonment, neglect, or exploitation. In identifying a risk assessment tool, the Department shall coordinate with all of the following:
         (1) The Department of Healthcare and Family Services.

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         (2) A hospital, hospital system, or a statewide
    
association representing hospitals.
        (3) A managed care organization or a statewide
    
association representing managed care organizations.
        (4) A Care Coordination Unit.
         (5) An Area Agency on Aging or a statewide
    
association representing Area Agencies on Aging.
        (6) Legal aid providers.
         (7) A financial institution or a statewide
    
association representing financial institutions.
        (8) Adult Protective Services providers.
     (b) The risk assessment tool shall be comprehensive and include all of the following components:
         (1) Client demographics.
         (2) Indicators of elder abuse, abandonment, neglect,
    
or exploitation.
        (3) Contributing risk factors for abuse, abandonment,
    
neglect, or exploitation.
        (4) Overall level of risk on a scale of low, medium,
    
and high-risk level.
        (5) Appropriate follow-up and action.
         (6) Client outcomes.
     (c) If any hospital employee, social worker, or other employee utilizing the risk assessment tool identifies that an elderly person is at risk for elder abuse, abandonment, neglect, or exploitation, the employee shall utilize the risk assessment tool to refer the elderly person to a managed care organization, legal aid service, Adult Protective Services provider, or other needed services and supports.
     (d) The Department may adopt rules to implement this Section.