In addition to conducting research and analysis, the Health Economics Program (HEP) performs a number activities to monitor health care markets and provide oversight in key areas.
With the 2023 adoption of Minnesota Statutes sections 145D.01 and 145D.02 (available at 2023 Minnesota Laws Chapter 66 – H.F.No. 402), HEP is also responsible for receiving notice and specific information prior to the close of certain health care entity transactions. As part of this work, HEP supports the review functions of the Attorney General’s Office.
Requirements for certain health care entities transactions
The new requirements are intended to empower state officials to manage or respond to health care transactions that may be contrary to the public interest or violate antitrust and charities laws. The statute establishes two mechanisms under which health care entities entering transactions (as defined by the law) are required to provide notice and information.
- 145D.01: Applies to all transactions where one entity has, or as a result of the transaction is expected to have, average revenue of at least $80 million per year. For health care entity transactions subject to this provision, notice and information must be submitted to the Attorney General’s Office (AGO) and the Minnesota Department of Health (MDH).
- 145D.02: Applies to all transaction where one entity has, or as a result of the transaction is expected to have, average revenue between $10 million and $80 million per year. For health care entity transactions subject to this provision, certain data must be provided to MDH beginning January 1, 2024.
Questions may be directed to the AGO (firstname.lastname@example.org) and MDH (email@example.com). MDH encourages members of the public to contact the agency about health care transactions.
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