Healthcare Ownership Transparency Act

HR 1754, the Healthcare Ownership Transparency Act, requires Medicare-participating healthcare providers (called "covered firms") to disclose detailed financial and ownership information to the Centers for Medicare & Medicaid Services (CMS). Specifically, it mandates that firms owned by private equity funds submit 28 types of data - including debt structure, fees paid to private equity, political spending, vendor relationships, and leadership details - for each of the previous 10 years. Non-private equity-owned firms must also report core financial metrics like debt levels and political spending. The bill creates a new task force to study healthcare consolidation and private equity’s impact, and requires the GAO to analyze disclosed data to assess effects on costs, staffing, and quality. This aims to increase transparency around ownership structures influencing healthcare costs and operations.