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Apm Year Sample Clauses

Apm Year. 2 a. Utilization Risk Corridor The Utilization Risk Corridor is defined as the number of Inpatient Days that wrap around the days that State has committed to purchase on a prospective basis in the APM Year. This corridor will be determined using a percentage threshold above and below the value of prospective purchase days. In APM Year 2, the utilization corridor is 98% to 102% of the total prospective days purchased for the period of January 1, 2022 through June 30, 2022 of 7,422. For the period of July 1, 2022 through December 31, 2022, the utilization corridor is 98% to 102% of the total prospective days purchased of 9,384. i. The Utilization Risk Corridor, therefore, shall be applied as follows for APM Year 2 and calculations shall be factored into the Year-End Reconciliation. 1. For the period of January 1, 2022 through June 30, 2022, if the actual number of Inpatient Days utilized by Vermont Medicaid members is between 7,570 and 7,274 then Contractor shall be liable for the costs to serve patients for these days. For the period of July 1, 2022 through December 31, 2022, if the actual number of Inpatient Days utilized by Vermont Medicaid members is between 9,572 and 9,196 then Contractor shall be liable for the costs to serve patients for these days. 2. For the period of January 1, 2022 through June 30, 2022, if the actual number of Inpatient Days utilized by Vermont Medicaid members is greater than 7,570 then the State will reimburse Contractor at a rate of $2,550 for each day above 7,570. For the period of July 1, 2022 through December 31, 2022, if the actual number of Inpatient Days utilized by Vermont Medicaid members is greater than 9,572, then the State will reimburse Contractor at a rate of $3,100 for each day above 9,572. 3. For the period of January 1, 2022 through June 30, 2022, if the actual number of Inpatient Days utilized by Vermont Medicaid members is below 7,274, then Contractor shall reimburse back to the State an amount equivalent to $2,550 per day for each day below 7,274. For the period of July 1, 2022 through December 31, 2022, if the actual number of Inpatient Days utilized by Vermont Medicaid members is below 9,196, then Contractor shall reimburse back to the State an amount equal to $3,100 per day for each day below 9,196. ii. If during the contract, the State or Contractor determines that the Inpatient Days utilization are 10% or more under the expected utilization as specified in Table 2 of Attachment B, then the Parties shall...
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Related to Apm Year

  • year The employee shall provide medical substantiation to support her request for pregnancy leave. The request must include the beginning and ending dates of the leave and must be requested no later than thirty (30) calendar days after the birth of the child. Any changes to the leave, once approved, are permissive and subject to the approval of the department head or designee.

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Calendar Applications/nominations of incoming students must reach the receiving institution by (the deadlines indicated herewith are not final and different dates might apply and can be agreed upon): CZ PT 15 June 30 November 15 June 30 November PT CZ 31 May 1 November 15 June 15 November CZ PT --- --- --- PT CZ --- --- --- The receiving institution will send its decision within 5 weeks after the deadline for mobility to PT and within 4 weeks after the deadline for mobility to CZ.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Calendar Quarter January through March, April through June, July through September, or October through December.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

Most Referenced Clauses

Most Referenced Definitions