Dr Sudarshan Ballal of the Manipal Group of Hospitals, told NDTV, "We are hopeful that our concerns will be addressed and we have called off the protest." The protest had crippled health services in private hospitals and nursing homes.
The Chief Minister's office said that the Health Minister, Ramesh Kumar, has stood firm on the issue and had said that he could not consider patients as consumers - and that he was biased on the side of the people.
The High Court in Karnataka is also hearing a related matter - with the next hearing on Monday - and had strongly criticised the doctors for the protest.
The amendments to the act aimed to make doctors accountable for medical negligence.
The amendments are likely to be tabled in the legislature on Monday and doctors are hopeful that the parts that bother them would be rewritten.
On Wednesday, OPDs in private hospitals across the state has shut down - putting patients to great difficulty.