The bill amends Chapter 42-9.1 of the General Laws, titled "Office of Health Care Advocate," by introducing a new section, 42-9.1-7, which outlines the conditions under which the health care advocate can petition the superior court for the immediate appointment of a receiver for a hospital. The advocate may seek this appointment if a hospital's corporate assets are misapplied or at risk, if the hospital is mismanaged or in severe financial distress, or if its operations threaten the health and safety of patients. The court is required to approve the petition if the appointment would facilitate hospital management, protect patient well-being, or ensure compliance with the hospital conversions act.

Additionally, the bill specifies that the health care advocate does not need to demonstrate that the injury caused by the hospital's condition would be irreparable or that legal remedies are inadequate. The court is granted the authority to confer upon the appointed receiver any powers available under common law, state laws, or court rules regarding receiverships. This act will take effect upon passage.