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NY Health Department Requires 30-Day Notice for Major Transactions

4/8/2025

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Summary

Story summary

On August 1, 2023, New York's Department of Health enacted the Material Transactions law, mandating healthcare organizations to alert the DOH 30 days prior to major transactions over $25 million in revenue. To aid compliance, the DOH issued FAQs detailing definitions and reporting criteria, with potential legislation on the horizon to broaden these obligations.

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Story summary

On August 1, 2023, New York's Department of Health enacted the Material Transactions law, mandating healthcare organizations to alert the DOH 30 days prior to major transactions over $25 million in revenue. To aid compliance, the DOH issued FAQs detailing definitions and reporting criteria, with potential legislation on the horizon to broaden these obligations.