The US State of New York Assembly amends the Public Health Law to impose new notification requirements related to material transactions involving physician practices and management services organizations

NEW YORK STATE: HEALTHCARE ENTITIES MUST DISCLOSE CERTAIN MATERIAL TRANSACTIONS* As part of the New York State budget for fiscal year 2023–2024, the New York State Assembly amended the New York Public Health Law to impose new notification requirements related to material transactions involving physician practices and management services organizations. On May 3, 2023, New York Governor Kathy Hochul signed into law an amendment to the New York Public Health Law (NYPHL) that requires certain healthcare-related entities to disclose proposed material transactions to the New York State Department of Health (DOH) at least 30 days prior to the closing of such transactions. The new legislation will require healthcare entities, such as management services organizations (MSOs), physician