The "Corporate Practice of Medicine Act" establishes new regulations regarding the relationship between health care entities and health care providers in New Mexico. The Act defines key terms such as "health care entity," "health care provider," and "telemedicine provider," and outlines prohibitions against health care entities interfering with the professional judgment or clinical decisions of health care providers. Specifically, it prohibits health care entities from controlling various aspects of patient care, including diagnostic tests, referrals, and the overall care of patients, as well as from making decisions about hiring, billing, and medical equipment.

Additionally, the Act provides a private right of action for individuals who suffer injuries due to violations of its provisions, allowing them to seek damages and attorney fees in district court. The Attorney General is also empowered to enforce the Act by bringing actions against violators in the public interest, seeking injunctive relief and restitution without the need to post a bond. The provisions of this Act are set to take effect on July 1, 2025.