This bill mandates that health care entities in Minnesota report comprehensive ownership and control information to the commissioner of health, including legal names, business addresses, operational locations, identification numbers, and details about individuals or entities with 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 independent provider organizations with two or fewer physicians. The commissioner is also required to publish an annual public report by June 1, beginning in 2027, which will include aggregated data on health care 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, state agencies, and health-related licensing boards to reduce duplicative reporting and improve enforcement. The commissioner is empowered to adopt rules for implementing these regulations, including establishing report formats and specifying additional data requirements. Enforcement mechanisms are outlined, allowing for audits and inspections of non-compliant entities, with penalties ranging from $50,000 for smaller entities to $500,000 for larger ones. Appropriations are also made for the fiscal years 2026 and 2027 to support the implementation of these new regulations.

Statutes affected:
Introduction: 144.99