This bill requires health care entities in Minnesota to report comprehensive ownership and control information to the commissioner of health, including legal names, business addresses, operational locations, and details about ownership interests. Starting in 2026, these entities must submit this information annually by March 1 and report any changes following significant transactions, with certain exemptions for small independent provider organizations. The commissioner is also tasked with publishing an annual public report by June 1, beginning in 2027, detailing the number of reporting entities and their ownership structures, ensuring that the information remains publicly accessible, except for individual health professionals' taxpayer identification numbers.

Additionally, the bill enhances regulatory oversight by allowing the commissioner to share taxpayer identification numbers with the attorney general and other state agencies to streamline reporting and enforcement. It grants the commissioner authority to adopt rules for implementation, including report formats and additional data requirements. Enforcement mechanisms are established, including audits and inspections for non-compliance, with penalties ranging from $50,000 for smaller providers to $500,000 for larger entities for incomplete or inaccurate reports. The bill also includes appropriations from the general fund to support these regulatory measures in the upcoming fiscal years.

Statutes affected:
Introduction: 144.99