Common use of Calculation of Hospital Approved Regulated Revenue under TPR Constraint Clause in Contracts

Calculation of Hospital Approved Regulated Revenue under TPR Constraint. The Base Year of the Agreement is the SFY 2013. The Hospital’s Approved Regulated Revenue in the Base Year will be defined as the Hospital’s approved regulated revenue for the SFY 2013 computed in accordance with the TPR Agreement then in effect and all one time and permanent adjustments computed under that agreement. In future years, the Hospital will be subject to rate adjustments necessary to bring it in compliance with the approved TPR Approved Regulated Revenue. If the gross revenue charged by the Hospital exceeds the approved revenue, the difference between the gross revenue charged and the approved revenue will be subtracted from the revenue that would otherwise have been approved for the Hospital for the subsequent year. Conversely, if the gross revenue charged is less than the approved revenue, the difference will be added to the revenue for the subsequent year, except that undercharges below the corridor specified in subparagraph A above will not be so included.

Appears in 10 contracts

Samples: Successor Agreement, Successor Agreement, Successor Agreement

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