Compensation and Financial Arrangements with Third Parties. The Plan Sponsor acknowledges that the fees charged to the Plan Sponsor under this Agreement are calculated on the basis that the Company may receive compensation from third parties with which the Company has agreements or other arrangements. For example, the Company maintains agreements with providers such as, but not limited to, hospitals, physician groups, individual physicians, labs, and clinics; and with vendors that assist the Company with certain services, such as, but not limited to, pharmacy benefit management, disease management, claims negotiation and claims audit vendors. Some of the Company's agreements with providers and vendors provide compensation to the Company through discounts, rebates, allowances, rate differentials, commissions, administrative fees, distribution or marketing fees, incentives, adjustments, settlements, minimum guaranteed payments, or other financial arrangements. Such compensation is for the sole benefit of the Company. The Company may retain such compensation, regardless of the form or manner in which it is received, to defray expenses of the Company and provide for a profit.
Compensation and Financial Arrangements with Third Parties. The Client acknowledges that the fees charged to the Client under this Contract are calculated on the basis that the Company may receive payments from third parties with which the Company contracts or has other arrangements. For example, the Company maintains contracts with providers such as, but not limited to, hospitals, physician groups, individual physicians, labs and clinics; and with vendors that assist the Company with certain services, such as, but not limited to, disease management, claims negotiation, claims audit vendors, and pharmacy benefit management. Some of the Company’s contracts with providers and vendors provide payments to the Company in the form of discounts, rebates, allowances, rate differentials, commissions, administrative fees, distribution or marketing fees, incentives, adjustments, settlements, minimum guaranteed payments, or other financial arrangements. Such payments are for the sole benefit of the Company. For example, may Company contract with pharmaceutical manufacturers for Rebates relating to utilization of drugs under benefit plans that Company administers and for other remuneration (e.g. service fees or data fees) on its own behalf and for its own benefit, and not on behalf of Client or the Plan. Accordingly, Company retains all right, title and interest to any and all Rebates with respect to utilization of drugs under the Plan, as well as other remuneration received from manufacturers. Company may consider the value of Rebates it may collect when developing the financial offer (e.g. administrative fees/charges) provided to the Client. The Company may retain such payments, regardless of the form or manner in which it is received, to defray expenses of the Company and to provide for a profit. For more information on Compensation and Financial Arrangements with Third Parties, the Client is directed to review the Financial Disclosure which may be printed from the Legal Notices link at xxx.XxXxxxx.xxx.
Compensation and Financial Arrangements with Third Parties. The Client acknowledges that the fees charged to the Client under this Contract are calculated on the basis that the Company may receive compensation from third parties with which the Company Contracts or has other arrangements. For example, the Company maintains Contracts with providers such as, but not limited to, hospitals, physician groups, individual physicians, labs and clinics; and with vendors that assist the Company with certain services, such as, but not limited to, pharmacy benefit management, disease management, claims negotiation and claims audit vendors. Some of the Company’s Contracts with providers and vendors provide compensation to the Company in the form of discounts, rebates, allowances, rate differentials, commissions, administrative fees, distribution or marketing fees, incentives, adjustments, settlements, minimum guaranteed payments, or other financial arrangements. Such compensation is for the sole benefit of the Company. The Company may retain such compensation, regardless of the form or manner in which it is received, to defray expenses of the Company and to provide for a profit. For more information on Compensation and Financial Arrangements with Third Parties, the Client is directed to review the Financial Disclosure which may be printed from the Legal Notices link at xxx.XxXxxxx.xxx.
