Company: North Carolina General Assembly

North Carolina Attorney General Opinion

§ 131E‑7.1.  Public hospitals' managed care development authorized.
A public hospital as defined in G.S. 159‑39(a) may acquire an ownership interest, in whole or in part, in a nonprofit or for‑profit managed care company, including a health maintenance organization, physician hospital organization, physician organization, management services organization, or preferred provider organization with which the public hospital is also directly or indirectly a contracting provider. Ownership interest may be evidenced by the ownership or acquired by the purchase of stock. This ownership or acquisition of stock is the exercise of a health care function and is not the investment of idle funds within the meaning of G.S. 159‑30 and G.S.159‑39(g). (1995 (Reg. Sess., 1996), c. 713, s. 1.)

G.S. 131e-7.1		Page