Common use of Pharmacy Budget Clause in Contracts

Pharmacy Budget. Each month HMO shall fund the Pharmacy Budget at $12.00 per eligible Member per month (“PEMPM”) subject to the age, sex and benefit plan factors set forth in Addendum B Such Pharmacy Budget shall be effective for the entire calendar year For year 2000 the Pharmacy Budget shall be adjusted according to the aggregate PEMPM dollar change experienced by those participating physician groups comprising the top third of lowest PEMPM normalized pharmacy costs, based on current calendar year experience. Such adjustment shall occur prior to calculating the final settlement for the Pharmacy Reconciliation, as set forth in this Addendum. Any calculation of the normalized pharmacy costs shall be based upon actual claims. The top third calculation shall be weighed by eligible Member months.

Appears in 1 contract

Samples: Group Provider Services Agreement (Prospect Medical Holdings Inc)

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Pharmacy Budget. Each month HMO shall fund the Pharmacy Budget at $12.00 $ 18.00 per eligible Member per month (“PEMPM”) subject to the age, sex and benefit plan factors set forth in Addendum B Such Pharmacy Budget shall be effective for the entire calendar year For year 2000 the B. The Pharmacy Budget shall be adjusted according to the aggregate PEMPM dollar change experienced by those participating physician groups comprising the top third of lowest PEMPM normalized pharmacy costs, based on current calendar year experience. Such adjustment shall occur prior to calculating the final settlement for the Pharmacy Reconciliation, as set forth in this Addendum. Any calculation of the normalized pharmacy costs shall be based upon actual claims. The top third calculation shall be weighed by eligible Member monthsmonth.

Appears in 1 contract

Samples: Participating Provider Services Agreement (Prospect Medical Holdings Inc)

Pharmacy Budget. Each month HMO shall fund the Pharmacy Budget at $12.00 $ 15.00 per eligible Member per month (“PEMPM”) subject to the age, sex and benefit plan factors set forth in Addendum B Such Pharmacy Budget shall be effective for the entire calendar year For year 2000 the B. The Pharmacy Budget shall be adjusted according to the aggregate PEMPM dollar change experienced by those participating physician groups comprising the top third of lowest PEMPM normalized pharmacy costs, based on current calendar year experience. Such adjustment shall occur prior to calculating the final settlement for the Pharmacy Reconciliation, as set forth in this Addendum. Any calculation of the normalized pharmacy costs shall be based upon actual claims. The top third calculation shall be weighed by eligible Member months.

Appears in 1 contract

Samples: Group Provider Services Agreement (Prospect Medical Holdings Inc)

Pharmacy Budget. Each month HMO shall fund the Pharmacy Budget at $12.00 $ 16.00 per eligible Member per month (“PEMPM”) subject to the age, sex and benefit plan factors set forth in Addendum B B. Such Pharmacy Budget shall be effective for the entire calendar year year. For year 2000 the Pharmacy Budget shall be adjusted according to the aggregate PEMPM dollar change experienced by those participating physician groups comprising the top third of lowest PEMPM normalized pharmacy costs, based on current calendar year experience. Such adjustment shall occur prior to calculating the final settlement for the Pharmacy Reconciliation, as set forth in this Addendum. Any calculation of the normalized pharmacy costs shall be based upon actual claims. The top third calculation shall be weighed by eligible Member months.

Appears in 1 contract

Samples: Group Provider Services Agreement (Prospect Medical Holdings Inc)

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Pharmacy Budget. Each month HMO shall fund the Pharmacy Budget at $12.00 *** per eligible Member per month (“PEMPM”) subject to the age, sex and benefit plan factors set forth in Addendum B Such B. The Pharmacy Budget shall be effective for the entire calendar year For year 2000 the Pharmacy Budget shall be he adjusted according to the aggregate PEMPM dollar change experienced by those participating physician groups comprising the top third of lowest PEMPM normalized pharmacy costs, based on current calendar year experience. Such adjustment shall occur prior to calculating the final settlement for the Pharmacy Reconciliation, as set forth in this Addendum. Any calculation of the normalized pharmacy costs shall be based upon actual claims. The top third calculation shall be weighed by eligible Member months.

Appears in 1 contract

Samples: Group Provider Services Agreement (Prospect Medical Holdings Inc)

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