CA SB351

Prohibits private equity groups and hedge funds involved with physician or dental practices in California from interfering with clinical decision-making, including determining diagnostic tests, referrals, patient loads, and work hours

Bars private equity and hedge funds from controlling patient medical records, hiring/firing clinical staff based on competency, setting payer contract parameters, making coding/billing decisions, or approving medical equipment selection

Voids and makes unenforceable any contract provisions that would give private equity or hedge funds control over these clinical and operational decisions

Prohibits contracts between private equity/hedge funds and medical practices from including non-compete clauses or provisions barring providers from commenting on quality of care, ethical challenges, or revenue strategies employed by the investors

Authorizes the Attorney General to seek injunctive relief and recover attorney's fees for violations; exempts hospitals, hospital systems, public agencies, and passive investors from the definitions of private equity and hedge funds