Common use of Annual Adjustments Clause in Contracts

Annual Adjustments. The HSCRC shall apply the following adjustments to the Approved Regulated Revenue to arrive at the Approved Regulated Revenue for the subsequent year: 1. Adjustment for the annual update factor approved by the Commission; 2. Adjustment for any performance-based purchasing rewards, penalties, or scaling then applicable to the TPR hospitals1 3. Adjustment for population and demographic changes, the scope and data source(s) defined in Appendix B of this agreement. 4. Reversal of any previous retroactive adjustments, including those carried forward from the TPR agreement in effect for SFY 2013; 5. Differential readjustment due to changes in mix of payers or changes in approved differential amounts and bad debt; 6. Any required adjustment as specified in subparagraph B above between the Hospital's Approved Regulated Revenue and the Actual Revenue. 7. Compliance and Related Adjustments will be applied as a one time adjustment for overages or underages relative to the Hospital’s Approved Regulated Revenue, as described in B above. 1 This currently includes the Commission’s Quality-Based Reimbursement and Maryland Hospital Acquired Conditions. 8. Any savings adjustments.2

Appears in 10 contracts

Samples: Successor Agreement, Successor Agreement, Successor Agreement

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