The bill establishes the Certificate of Need Modernization Advisory Committee in Washington State, which will consist of various appointed members, including representatives from the legislature, health departments, and health care organizations. The committee's primary responsibility is to review and assess the current Certificate of Need (CON) program, which regulates the establishment and expansion of health care facilities and services. The committee will be supported by a contractor with relevant expertise, who will gather data and research on the impact of CON programs in other states, as well as recent studies on access, quality, and cost of health care services. The contractor is required to submit preliminary findings by December 15, 2024, and a final report with recommendations by October 15, 2025.

Additionally, the bill includes a provision that if specific funding for its implementation is not provided by June 30, 2024, the act will become null and void. The advisory committee is tasked with considering various factors related to the CON program, including its effectiveness in controlling health care costs, promoting patient care, and facilitating access to innovative health care technologies. The committee's work will culminate in recommendations on whether to modernize, expand, reduce, or eliminate the CON program, with a focus on improving health care access and quality for Washington residents. The act is set to expire on July 1, 2026.