NAC439B.510. Reasonable cause to believe that prohibited transaction between hospital and related entity has occurred.

Reasonable 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.

     (Added to NAC by Dep’t of Human Resources, eff. 4-13-88)