FFS definition
Examples of FFS in a sentence
The Parties acknowledge that the State submitted its Proposed State-Designed Medicare FFS Hospital Global Budget Methodology to CMS for use in PY1 and subsequent PYs on July 8, 2024.
If CMS approves the State’s Proposed State-Designed Medicare FFS Hospital Global Budget Methodology, as revised in accordance with this section, by April 1, 2025, CMS will pay the Medicare FFS Hospital Global Budget for each PY to each Participant Hospital, under terms of the CMS-Approved State-Designed Medicare FFS Hospital Global Budget Methodology.
If the State exceeds the Medicare FFS TCOC Target in any two PYs within a period of three consecutive PYs, CMS will issue a Warning Notice and may issue an Enforcement Action Notice, in a form and manner as described in Section 20.
The Parties acknowledge that this Model, including payment under the CMS- Approved State-Designed Medicare FFS Hospital Global Budget Methodology, is predicated on the Green Mountain Care Board’s hospital budget review authority established in Vermont General Assembly 18 V.S.A. § 9375(b)(7), 18 V.S.A. § 9380, and the State’s maintenance of all-payer hospital budget review.
If CMS does not approve a Proposed State-Designed Medicare FFS Hospital Global Budget Methodology, as revised in accordance with this section, by April 1, 2025, CMS will terminate the Agreement in accordance with Section 20.