The California Office of Healthcare Affordability (OHCA) has approved new cost and market impact review (CMIR) regulations for healthcare entities. The new law under the California Healthcare Transactions Law requires healthcare entities to inform OHCA of “material change transactions” expected to close on or after April 1. The regulations aim to provide oversight of healthcare consolidation. Healthcare organizations, including providers, payers, and fully integrated delivery systems, are required to file with OHCA if they meet certain thresholds and if their transactions meet specific criteria. The new regulations will impact how healthcare organizations conduct business and undergo transactions in California.
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