If signed into law, the bill would increase fees for most healthcare providers — hospitals were raised from up to $300 to up to $5,000 — which lawmakers say will help bring in $1.3 million in revenue per year.
The bill would exempt more healthcare providers from needing to apply and makes it easier for hospitals to expand. It also proposes decreasing the certificate-of-need application process by 75 days.
Both the Tennessee House and Senate have passed the bill. It now awaits the signature of the House speaker and the governor.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
