Health facilities.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill aims to protect physicians and dentists from undue influence by private equity groups and hedge funds involved in healthcare practices. It prohibits these groups from interfering with a provider’s professional medical judgment, controlling clinical decisions, or dictating billing practices. Specifically, the bill restricts contracts between these groups and practices to prevent clauses that would limit a provider’s ability to compete or criticize the practice’s operations. The Attorney General is granted the authority to seek injunctions and recover legal fees to enforce these protections.
Key provisions
- Prohibits private equity groups and hedge funds from interfering with a physician or dentist’s professional medical judgment.
- Prevents these groups from exercising control over clinical decisions, including patient care and billing.
- Restricts contracts between these groups and practices to prevent limitations on provider competition or criticism.
- Entitles the Attorney General to seek injunctive relief and recover legal fees for violations.
- Defines ‘hedge fund’ and ‘private equity group’ for clarity.
- Specifies that the corporate form of a practice does not affect the application of the bill.
- Prohibits clauses in contracts that bar providers from competing or disparaging the practice.
- Allows for assistance from unlicensed individuals, provided the physician or dentist retains ultimate responsibility.
Who is affected
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
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