Current through Register 1536, December 6, 2024
Section 7.03 - Requirement to File a Notice of Material Change; Timing of Filing(1)Requirement for Filing. Any Provider or Provider Organization with $25 million or more in Net Patient Service Revenue in the preceding fiscal year shall provide the Commission, the Center, and the Office of the Attorney General with a Notice of Material Change not fewer than 60 days before the proposed effective date of the proposed Material Change. For purposes of 958 CMR 7.00, the effective date of a Material Change is the date when the proposed transaction will be consummated or closed. If the Commission determines that a Provider or Provider Organization has failed to file a Notice of Material Change pursuant to 958 CMR 7.03(1), the Commission may refer the Provider or Provider Organization to the Office of the Attorney General.(2)Timing of Filing. A Provider or Provider Organization may file a Notice of Material Change earlier than 60 days before the effective date of the proposed Material Change; provided that if the Commission considers the Notice of Material Change to be incomplete, or if the Commission requires clarification of any information to make its determination, the Commission may, within 30 days of receipt of the Notice of Material Change, notify the Provider or Provider Organization of the information or clarification necessary to complete the notice.Adopted by Mass Register Issue 1277, eff. 1/2/2015.