Common use of Financial/performance audits Clause in Contracts

Financial/performance audits. (a) The State of Texas Health and Safety Code Section 12.0123 directs HHSC to contract with an independent auditor to perform annual independent external financial and performance audits of any Medicaid vendor used by HHSC in HHSC’s operation of a part of the State Medicaid program. “Medicaid vendor” means an entity that, under a contract with or otherwise on behalf of HHSC, performs one or more administrative services in relation to HHSC’s operation of a part of the State Medicaid program, such as claims processing, utilization review, client enrollment, provider enrollment, quality monitoring, or payment of claims. The independent auditor will deliver to the CONTRACTOR and to HHSC a report of the findings and recommendations within thirty (30) calendar days of the close of each audit. The report will be prepared in accordance with generally accepted auditing standards.

Financial/performance audits. (a) The State of Texas Health and Safety Code Section 12.0123 directs HHSC to contract with an independent auditor to perform annual independent external financial and performance audits of any Medicaid vendor contractor used by HHSC in HHSC’s operation of a part of the State Medicaid program. “Medicaid vendorcontractor” means an entity that, under a contract with or otherwise on behalf of HHSC, performs one or more administrative services in relation to HHSC’s operation of a part of the State Medicaid program, such as claims processing, utilization review, client enrollment, provider enrollment, quality monitoring, or payment of claims. The independent auditor will deliver to the CONTRACTOR and to HHSC a report of the findings and recommendations within thirty (30) 30 calendar days of the close of each audit. The report will be prepared in accordance with generally accepted auditing standards.