The proposed General Assembly Substitute Bill No. 6873 seeks to modernize and enhance the regulatory framework for health care transactions in the state. It repeals Section 19a-486i and introduces new definitions for key terms such as "advanced practice registered nurse," "group practice," "health care entity," and "private equity entity." The bill revises the definition of "group practice" to clarify its organizational structure and billing practices, while also streamlining the legal language by replacing outdated terms. The bill mandates that businesses involved in mergers or acquisitions with health care providers notify the Attorney General in writing at least sixty days prior to any material change, expanding the definition of "material change" to include various affiliations and acquisitions.

Additionally, the bill imposes new reporting requirements for hospitals and group practices, requiring annual reports detailing their relationships and services provided. It also introduces penalties for non-compliance with the certificate of need regulations, with fines of up to one thousand dollars per day for violations. The bill replaces the previous requirements for obtaining a certificate of need with a new list of scenarios, including the establishment of cardiac services and acquisition of advanced imaging equipment, while removing certain exemptions. Overall, the legislation aims to enhance transparency, oversight, and accountability in health care transactions, with an effective date set for October 1, 2025.

Statutes affected:
Governor's Bill:
PH Joint Favorable:
File No. 590:
APP Joint Favorable: