To amend title XI of the Social Security Act to increase transparency of certain health-related ownership information.
- Last Action
- 12/17/2024
Actions
- 2024-12-17Referred to the Subcommittee on Health.
- 2023-05-12Referred to the Subcommittee on Health.
- 2023-05-11Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-05-11Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-05-11Introduced in House
- 2023-05-11Introduced in House
CRS Summary
As of 2023-05-11 (00)
This bill requires certain health care entities to disclose specific information about their ownership and finances.
Specifically, the bill requires entities, subject to civil penalties, to annually report to the Department of Health and Human Services (HHS) information relating to mergers, acquisitions, and changes in ownership over the previous year, as well as information on the entity's parent company, if applicable.
The requirements apply to hospitals, certain ambulatory surgical centers, independent freestanding emergency departments, physician-owned practices that have more than 25 physicians, and physician practices that are owned by a hospital, health plan, private equity company, or venture capital firm.
Hospitals must also report information about their business structure, debts, real estate transactions, and certain investments.
HHS must post a summary of the reported information on its website, including trends in consolidation.
Cosponsors (1)
- Gus Bilirakis (R-FL)
Subjects
- Accounting and auditing
- Business records
- Civil actions and liability
- Government information and archives
- Health facilities and institutions
- Health information and medical records
- Health programs administration and funding
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.