Notice and Termination. 1.4.8.1 The ACO shall notify the Agency within thirty days of any change in licensure, address, practice, or any other factor that may impact participation in the Iowa Wellness Plan ACO program. 1.4.8.2 This Agreement is binding until such time as the Iowa Wellness Plan federal waiver expires or is terminated, excluding any extensions of the waiver. In addition, the Agreement may be terminated in accordance with the following provisions: 1.4.8.2.1 Either party may terminate the Agreement by providing the other party with written notice sixty (60) days in advance of the desired date of termination; 1.4.8.2.2 This Agreement may be terminated immediately if the Agency has imposed any sanction on the ACO under 441 Iowa Admin. Code section 79.2 or the Agency determines that the ACO has failed to carry out the substantive terms of this Agreement; and 1.4.8.2.3 The Agreement shall automatically terminate upon bankruptcy, dissolution or sale of the ACO. 1.4.8.3 This Agreement is not transferrable. 1.4.8.4 Upon termination of this Agreement by either party, the Agency shall honor payments to the ACOs as described in section 1.3 Performance Targets and Payments of this Agreement, only when those payments were earned while the Agreement was active. The Agency will not make partial payments for quarterly and annual bonuses as defined in section 1.3.2.1 and 1.3.2.2.
Appears in 4 contracts
Samples: Iowa Medicaid Accountable Care Organization (Aco) Agreement, Iowa Medicaid Accountable Care Organization (Aco) Agreement, Iowa Medicaid Accountable Care Organization (Aco) Agreement
