Terms Used In Louisiana Revised Statutes 40:1189.7

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Health care provider: means an individual, person, corporation, facility, or institution licensed by the state to provide health care or professional services as a physician, nurse, or allied health professional. See Louisiana Revised Statutes 40:1189.3
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Public rural hospital: means a rural hospital owned or operated by a political subdivision of the state, including but not limited to a hospital service district, parish, or municipality. See Louisiana Revised Statutes 40:1189.3
  • Rural hospital: means a hospital licensed by the department which meets one of the following criteria:

                (i) Has no more than sixty hospital beds as of July 1, 1994; and

                (aa) Is located in a parish with a population of less than fifty thousand; or

                (bb) Is located in a municipality with a population of less than twenty thousand. See Louisiana Revised Statutes 40:1189.3

            A. Notwithstanding any law to the contrary, a public rural hospital may employ a health care provider on a part-time basis. As used in this Subsection, “part-time basis” means twenty or fewer hours of work per calendar week.

            B. Notwithstanding any law to the contrary, a public rural hospital may lease, at fair market value, a portion or all of a facility or equipment to a health care provider employed by the hospital on a part-time basis for the provision of health care services and a health care provider employed on a part-time basis by a public rural hospital may lease, at fair market value, a portion or all of a facility or equipment to the hospital for the provision of health care services.

            Acts 2007, No. 224, §1, eff. July 2, 2007; Redesignated from La. Rev. Stat. 40:1300.147 by HCR 84 of 2015 R.S.