Nevada on Oct. 1 will join a handful of states that are actively seeking to monitor the growth and impact of health care transactions in their states, and will also designate specific contracting practices viewed as anticompetitive as unfair trade practices, reports The National Law Review. This will significantly impact provider contracting and business operations for hospitals and physician group practices in the state.
Hospitals and physician groups will be required to notify the Nevada Department of Health and Human Services of specific changes of ownership, management agreements, or similar transactions. The information will be made public and DHHS is required to monitor the impact on the industry, and publish an annual report on market transactions and concentration in health care. Read more.
