Common use of New Covered Services Clause in Contracts

New Covered Services. The financial impact of any Covered Services added to Contractor’s responsibilities under this Contract will be evaluated from an actuarial perspective by the Department, and rates will be adjusted accordingly to reflect the changes made by the Department, At least one hundred eighty (180) days, unless otherwise agreed to by the Parties, before the effective date of the addition of such Covered Services, the Department shall provide written notice to Contractor of such new Covered Services and any adjustment to the Capitation rates herein as a result of such new Covered Services. This notice shall include: (i) an explanation of the new Covered Services; (ii) the amount of any adjustment to the Capitation rates herein as a result of such new Covered Services; and, (iii) the methodology for any such adjustment.

New Covered Services. The financial impact of any Covered Services added to Contractor’s responsibilities under this Contract will be evaluated from an actuarial perspective by the Department, and rates will be adjusted accordingly to reflect the changes made by the Department, . At least one hundred eighty (180) days, unless otherwise agreed to by the Parties, before the effective date of the addition of such Covered Services, the Department shall provide written notice to Contractor of such new Covered Services and any adjustment to the Capitation rates herein as a result of such new Covered Services. This notice shall include: (i) an explanation of the new Covered Services; (ii) the amount of any adjustment to the Capitation rates herein as a result of such new Covered Services; and, (iii) the methodology for any such adjustment.