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(a)
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(1) A material amendment to a healthcare contract is allowed if a contracting entity provides to a participating healthcare provider the material amendment at least ninety (90) days before the effective date of the material amendment and in writing.
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(2) The notice required under subdivision (a)(1) of this section shall specify the precise healthcare contract or healthcare contracts to which the material amendment applies and be conspicuously labeled as follows:
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(3) The notice shall contain sufficient information about the amendment to allow a healthcare provider to assess the financial impact, if any, of the amendment.
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(b) A notice described under subdivision (a)(1) of this section is not required for a material amendment resulting solely from a change in a fee schedule or code set if:
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(1) The fee schedule or code set is published by the United States Government or another third party; and
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(2) The terms of the healthcare contract expressly state that the healthcare provider’s compensation or claims submission is based on the fee schedule or code set.
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(c)
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(1) Within ten (10) business days of a healthcare provider’s request, a contracting entity shall provide to the healthcare provider a full and complete copy of each healthcare contract between the contracting entity and the healthcare provider.
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(2) A full and complete copy of the healthcare contract shall include any amendments to the healthcare contract.
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(d)
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(1)
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(A) A healthcare contract shall open for renegotiation and revision at least one (1) time every three (3) years.
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(B) Under subdivision (d)(1)(A) of this section, a party to the healthcare contract is not required to terminate the healthcare contract in order to open the healthcare contract for renegotiation of the terms.
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(2) This section does not prohibit a renegotiation of a healthcare contract at any time during the term of the healthcare contract.
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(e)
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(1) A violation of this section is:
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(A) An unfair trade practice under § 23-66-206; and
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(B) Subject to the Trade Practices Act, § 23-66-201 et seq.
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(2) If a healthcare contract contains a provision that violates this section, the healthcare contract is void.
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“Notice of Material Amendment to Healthcare Contract”.