The bill enacts section 3333.89 of the Revised Code, establishing the Clinical Teaching Subsidy Reform Act, which aims to enhance clinical instruction and physician education in Ohio's public medical schools. The chancellor of higher education is tasked with distributing an annual clinical teaching subsidy to these institutions, utilizing a formula that allocates 90% of the funds based on the number of full-time equivalent students in clinical training and 10% based on performance metrics related to the development and retention of physicians in the state. The public medical schools included in this initiative are The Ohio State University College of Medicine, the University of Cincinnati College of Medicine, Ohio University Heritage College of Osteopathic Medicine, Wright State University Boonshoft School of Medicine, Northeast Ohio Medical University, and the University of Toledo College of Medicine and Life Sciences.

Additionally, the chancellor is required to publish data on student enrollment, performance metrics, and subsidy allocations for transparency. Each public medical school must report annually on the use of subsidy funds, clinical training placements, residency match outcomes, and workforce retention statistics. The chancellor will also adopt rules to administer the program, including definitions and data submission procedures. This structured approach aims to ensure that the subsidy effectively supports the education of future physicians in Ohio.