(1) A hospital or facility may grant to physicians, physician assistants and advanced practice nurses the privilege to admit patients to such hospital or facility; provided however, that admitting privileges may be granted only if the privileges are:
(a)  Recommended by the medical staff at the hospital or facility;
(b)  Approved by the governing board of the hospital or facility; and
(c)  Within the scope of practice conferred by the license of the physician, physician assistant or advanced practice nurse.
(2)  A hospital or facility shall specify in its bylaws the process by which its governing body and medical staff oversee those practitioners granted admitting privileges. Such oversight shall include, but is not limited to, credentialing and competency review.