Contractual adjustment definition

Contractual adjustment means, with respect to any Receivable, an amount by which the outstanding principal amount of such Receivable is reduced as a result of (i) Medicare or Medicaid program funding and fee requirements or (ii) any other reasonable and customary insurance company or other charge or reimbursement policies or procedures.
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Contractual adjustment means the difference between a hospital’s full amount billed for medical services for patient ser- vices and the discounted charge or payment received by the hospi- tal from the payer.
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Contractual adjustment means the difference between charges billed to a payer source and the amount that is paid to a health care institution based on an established agreement between the health care institution and the payer source.
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Examples of Contractual adjustment in a sentence

  • Voting members of the governing Board and any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from Coarc either individually or collectively may provide information to any committee regarding compensation.

  • Contracts awarded under open-season authority will share the GWAC ceiling remaining and their award shall not constitute a basis for Contractual adjustment for existing Contract holders.

  • Contractual adjustment: This is the difference between the retail charges for services and the amount allowed by a governmental or contracted managed care payer for covered services that is subsequently written off.

  • Contractual adjustment The difference between billings at established charges and amounts received or due from third-party payors under contract agreements - similar to a trade discount.

  • If the Participation application is rejected, the rejection is irrevocable and Helexpo S.A. is obliged to return the deposit and promotion right fee to the interested party without any further processing.

  • Contractual adjustment estimate for this year continues to show additional amounts due to HWU especially from Tyson.

  • Contractual adjustment amounts are taken at or prior to the time payments are posted.

  • For subprogram II, ADB will provide a loan of $60.4 million from its Asian Development Fund resources with a term of 24 years, including a grace period of 8 years.

  • Contractual adjustment on account of daily rate of $550.00 per day per person (inclusive of GST) for the fix out being a total of $10,285.00 (8.5 days at $550.00 per day by two persons), rather than (as the respondent asserts, and as was the basis for the adjudication order), a square metre rate for the two houses calculated at $17,182.00.

  • School District shall pay Teach For America an annual fee for each Teacher employed under this Agreement to defray expenses Teach For America incurred in recruiting, selecting, providing pre-service training and continuing professional development services to the Teachers employed by School District under this agreement.


More Definitions of Contractual adjustment

Contractual adjustment means the difference between the amount billed at established charges for the ser- vices provided and the amount received or due from a third- party payer under a contract agreement. A contractual adjust- ment is similar to a trade discount.
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Contractual adjustment means, with respect to any Receivable, an amount by which the Outstanding Balance of such Receivable is reduced as a result of (i) Medicare or Medicaid program funding and fee requirements or (ii) any other reasonable and customary insurance company or other charge or reimbursement policies or procedures.
Sample 1Sample 2Sample 3
Contractual adjustment means the difference between the amount billed at established charges for the ser- vices provided and the amount received or due from a third-
Sample 1
Contractual adjustment means the difference between the gross amount of an Account and the amount an Account Debtor agrees to or is obligated to pay per any agreement with CCT, pursuant to which CCT agrees to accept the lesser amount in full satisfaction of the Account. For example, if Medicare agrees to pay 65% of CCT’s normal charge for a particular service, the Contractual Adjustment would be 35% of the invoice amount of the Account related to such service.
Sample 1

Related to Contractual adjustment

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • SOFR Adjustment means 0.10% (10 basis points).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • No Adjustment means that the relevant date shall not be adjusted in accordance with any Business Day Convention;

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;