The Medical Corporation Accountability Act mandates that hospitals in New Mexico disclose detailed information about their ownership structures and financial practices. Starting January 1, 2026, hospitals receiving local or state funding must submit annual reports to the health care authority, detailing ownership, operational affiliations, and salary ranges for health care providers, including the total compensation of their chief executive officers. The health care authority is tasked with ensuring uniform reporting standards and will provide a summary report to the legislature annually beginning July 1, 2026.

Additionally, the Act prohibits private equity and hedge funds from interfering with the professional judgment of health care providers. These funds are barred from making decisions related to patient care, including diagnostic tests, referrals, and treatment options, as well as from controlling aspects of medical records and hiring practices based on clinical competency. The legislation aims to protect the integrity of health care delivery by ensuring that financial interests do not compromise patient care.