Tiptastic Tuesday: State Attorney General Issues Guidance Regarding Reporting Of Certain Physician Transactions

October 1 was the effective date for new legislation requiring physician groups (two or more physicians) and other healthcare organizations to report certain physician group-related transactions to the State Attorney General. Public Act 14-168 requires parties to notify the Attorney General thirty days in advance of the effective date of mergers, purchase and sale transactions and employment-related arrangements between physician groups that result in groups of eight or more physicians, and mergers, purchase and sale transactions and employment-related arrangements between a physician group and a hospital, medical foundation or other hospital-related entity, regardless of the number of physicians in the resulting entity.

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