Sec. 342.7. Conduct of hearing

The arbitration committee shall not be bound by common law or statutory rules of evidence or by technical or formal rules of procedure, but may make such investigation or inquiry and conduct its hearing in such manner as it deems proper and necessary in the premises. The arbitration committee may, in the event of nonappearance, decide the value of the disputed bill on the basis of the evidence before it. The majority decision of such a committee shall be conclusive upon the parties as to the value of the services rendered.