*Added during the 81st Legislative Session* A hospital shall notify the Department of any merger, acquisition or joint venture with any entity, including, without limitation, a physician group practice, to which the hospital is a party or any contract for the management of the hospital not later than 60 days after the finalization of the transaction or execution of the contract for management, as applicable.
Not later than 60 days after the finalization of the transaction or execution of the contract for management
Notify the Nevada Department of Health and Human Services (DHHS) on a form prescribed by DHHS which includes:
(a) The name of each party to the transaction or contract for management, as applicable;
(b) A description of the nature of the proposed relationship of the parties to the transaction or contract for management, as applicable;
(c) The names and any specialties of each physician who is a party or employed by or affiliated with a physician group practice that is a party to or is owned by a party to the transaction or contract for management, as applicable;
(d) The name and address of each business entity that will provide health services after the transaction or contract for management, as applicable;
(e) A description of the health services to be provided at each location of a business entity described in paragraph (d); and
(f) The primary service area to be served by each location of a business entity described in paragraph (d).
The Department shall:
(a) Post the information contained in the notices provided pursuant to subsections 1 and 2 on an Internet website maintained by the Department; and
(b) Annually prepare a report regarding market transactions and concentration in health care based on the information in the notices and post the report on an Internet website maintained by the Department.
Chapter 439A of NRS is hereby amended by adding thereto a new section to read as follows:
1. A hospital shall notify the Department of any merger, acquisition or joint venture with any entity, including, without limitation, a physician group practice, to which the hospital is a party or any contract for the management of the hospital not later than 60 days after the finalization of the transaction or execution of the contract for management, as applicable.
Originating Legislation: SB329 (2021) {Effective Date: 10/1/2021}
