Common use of Implementation; Readiness Assessment Clause in Contracts

Implementation; Readiness Assessment. ‌ Insurer shall ensure all resources needed for a timely and complete implementation are available so that all Covered Services will be fully provided, as determined by FHKC. Insurer shall provide a final implementation plan for approval to FHKC within five (5) Business Days after Contract execution. Insurer may submit the implementation plan in Microsoft Excel or Microsoft Project. At a minimum, the implementation plan shall include: a. Each task necessary to fully implement this Contract; b. The start and end dates for each task; c. Any task dependencies; d. Identification of key milestones; e. The responsible Party for each task; and f. Insurer’s resource allocation for each task. Insurer shall update the implementation plan weekly, or as specified by FHKC, until implementation is complete and accurate, as determined by FHKC. If FHKC determines the implementation plan is not complete or accurate, as determined by FHKC, Insurer shall have three (3) Business Days from notification of disapproval to submit a revised implementation plan for approval. The required frequency of the updated implementation plan submission may be changed with approval or direction from FHKC. Changes to task due dates require written approval from FHKC. Insurer shall be liable for Financial Consequences equal to one thousand dollars ($1,000) per Calendar Day the implementation plan is late. Financial Consequences apply to each Calendar Day beyond the due date until provided to FHKC. Financial Consequences apply to the initial due date and to subsequent due dates should the implementation plan require revisions prior to FHKC approval and are limited to a total of fifteen thousand dollars ($15,000).

Implementation; Readiness Assessment. ‌ ‌‌ Insurer shall ensure all resources needed for a timely and complete implementation are available so that all Covered Services will be fully provided, as determined by FHKC. Insurer shall provide a final implementation plan for approval to FHKC within five (5) Business Days after Contract execution. Insurer may submit the implementation plan in Microsoft Excel or Microsoft Project. At a minimum, the implementation plan shall include: a. Each task necessary to fully implement this Contract; b. The start and end dates for each task; c. Any task dependencies; d. Identification of key milestones; e. The responsible Party for each task; and f. Insurer’s resource allocation for each task. Insurer shall update the implementation plan weekly, or as specified by FHKC, until implementation is complete and accurate, as determined by FHKC. If FHKC determines the implementation plan is not complete or accurate, as determined by FHKC, Insurer shall have three (3) Business Days from notification of disapproval to submit a revised implementation plan for approval. The required frequency of the updated implementation plan submission may be changed with approval or direction from FHKC. Changes to task due dates require written approval from FHKC. Insurer shall be liable for Financial Consequences equal to one thousand dollars ($1,000) per Calendar Day the implementation plan is late. Financial Consequences apply to each Calendar Day beyond the due date until provided to FHKC. Financial Consequences apply to the initial due date and to subsequent due dates should the implementation plan require revisions prior to FHKC approval and are limited to a total of fifteen thousand dollars ($15,000).