Bill > SF2939

This bill establishes a comprehensive reporting requirement for health care entities in Minnesota, mandating that these organizations (which include hospitals, clinics, health insurers, and provider organizations) submit detailed annual reports to the Commissioner of Health about their ownership, control, and organizational structure. The reports, due by March 1st each year starting in 2026, must include information such as legal name, business address, ownership and investment interests, organizational charts, affiliated providers and facilities, governance board details, and financial reports. By June 1st of each year, the Commissioner will publish a public report analyzing these submissions, focusing on changes in ownership, consolidation trends, and entity structures. The bill defines numerous terms like "affiliate," "control," and "significant equity investor" to ensure clarity. Health care entities face potential penalties for non-compliance or submitting false information, with fines ranging from $50,000 for smaller independent providers to $500,000 for larger entities. The goal is to increase transparency in the health care sector by providing the public and regulators with comprehensive information about the ownership and financial relationships within health care organizations. The bill also appropriates funding to the Minnesota Department of Health to implement these new reporting requirements.

Health and Social Services

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2939&ssn=0&y=2025