The bill proposes several amendments to Florida's health care laws, including the repeal of section 381.4015, which pertains to Florida health care innovation. It amends section 381.915 to require the Cancer Connect Collaborative to develop and submit an annual plan for the Casey DeSantis Cancer Research Program, which must include expanded grant opportunities for specialty hospitals for children and analyses of pediatric cancer mortality rates. Additionally, it modifies section 409.909 by removing certain provisions related to funding allocation and reporting requirements for hospitals and qualifying institutions, as well as prohibiting administrative costs for a hospital-directed payment program from being included in allowable expenses for managed care plans.

Furthermore, the bill renumbers and amends section 409.967, eliminating the provision that audit report results are dispositive. It also mandates that the agency must consider various factors when developing contracts for shared savings arrangements. The effective date for these changes is set for July 1, 2025. Overall, the bill aims to enhance cancer research funding and streamline reporting and funding processes within Florida's health care system.