Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Article 7 of Chapter 14 of Title 8.01 a section numbered 8.01-413.03 as follows:

§8.01-413.03. Health care providers; meeting, trial, and deposition charges.

When a health care provider as defined in §8.01-581.1 meets with a patient or the patient's attorney, executor or administrator, or authorized insurer in relation to pending or probable litigation, attends and testifies at a trial, or attends and participates in a deposition, such health care provider may only charge such patient, attorney, executor or administrator, or authorized insurer a reasonable fee on an hourly basis for such health care provider's actual time spent at or preparing for such meeting, trial, or deposition. Such fee shall not be more than the amount of the actual lost revenue incurred by such health care provider due to such time spent at or preparing for such meeting, trial, or deposition.