Current through November 8, 2024
Section 439B.510 - Reasonable cause to believe that prohibited transaction between hospital and related entity has occurredReasonable cause to believe that a violation of subsection 2 of NRS 439B.430 has occurred includes, but is not limited to:
1. The failure of a hospital or related entity to submit the copies required by NAC 439B.490 concerning an agreement, contract or transaction between the hospital and a related entity.2. One or more related agreements, contracts or transactions between the hospital and its related entities resulting in:(a) An increase in the hospital's operating expenses;(b) A decrease in the hospital's net patient revenue; or(c) A combination of paragraphs (a) and (b), of more than 1 percent from the previous fiscal year.3. The value of the goods, services or consideration which is the subject of an agreement, contract or transaction between the hospital and a related entity being found to be materially different from the fair market value for similar agreements, contracts or transactions between nonrelated entities in the same area.Nev. Admin. Code § 439B.510
Added to NAC by Dep't of Human Resources, eff. 4-13-88