Section 19-711.3 - Merger, consolidation, or acquisition of health maintenance organization; financing moneys. - Maryland Statutes

§ 19-711.3. Merger, consolidation, or acquisition of health maintenance organization; financing moneys.
 

In any case where a health maintenance organization is being merged or consolidated with or acquired by another person, any current financing moneys provided by the health maintenance organization to a hospital, in accordance with regulations adopted by the Health Services Cost Review Commission, in return for a discount in rates charged by the hospital shall be deemed to be security for the amount of outstanding charges owed by the health maintenance organization to the hospital for bills or claims for services provided by the hospital prior to the merger, consolidation, or acquisition. 
 

[1993, ch. 617.]