House Bill No. 2784 amends various sections of the Oklahoma Statutes related to public health and the Oklahoma State University Medical Authority. Key provisions include the authorization for the Oklahoma State University Medical Trust to enter into cooperative ventures for training within Level I Trauma Centers, with an annual certification requirement to ensure compliance with Medicaid supplemental payment standards. Additionally, the bill expands the authority of the Oklahoma State University Medical Authority to enter into agreements with other healthcare providers, allowing for shared services and benefits, and establishes the Emergency Medicine Revolving Fund to support training initiatives.

The bill also modifies the Medicaid state plan amendments to enhance participation in certain waivers by specified entities, ensuring that hospitals with Level I trauma centers can receive supplemental payments. It emphasizes the need for separate accounting of private and public funds and clarifies that the state will not assume liability for private entities involved in these agreements. The act is set to take effect on September 1, 2025.