Bill > HF2779

This bill requires health care entities to report detailed information about their ownership, control, and organizational structure to the Minnesota Commissioner of Health annually, with the goal of increasing transparency in the healthcare sector. Specifically, health care entities must submit comprehensive reports by March 1st each year, beginning in 2026, that include details such as legal name, business address, locations of operations, business identification numbers, ownership and investment interests, organizational charts, affiliated providers and facilities, governance board compensation, and financial reports. The bill defines various terms like "health care entity" (which includes hospitals, clinics, health insurers, and provider organizations) and "significant equity investor" to ensure broad coverage. By June 1st each year, the Commissioner must publish a public report analyzing these submissions, including trends in healthcare consolidation. The bill allows for audits and imposes significant penalties for non-compliance or submitting false information, with fines ranging from $50,000 to $500,000 depending on the size of the health care entity. Certain small independent providers may be exempt from some reporting requirements. The legislation aims to provide greater insight into the complex ownership and financial structures of healthcare organizations, potentially helping policymakers and the public understand market dynamics and potential concentration of healthcare resources.

Health and Social Services

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2779&ssn=0&y=2025