Full financial risk definition

Full financial risk means the VBE is financially responsible for the cost of all items and services covered by the applicable payor for each patient in the target patient population and is prospectively paid by the applicable payor;

Full financial risk means the VBE is financially responsible on a prospec- tive basis for the cost of all items and services covered by the applicable payor for each patient in the target pa- tient population for a term of at least 1 year.

Full financial risk means that the VBE is financially responsible on a prospective basis for the cost of all patient care items and services covered by the applicable payor for each patient in the target patient population for a specified period of time.

Examples of Full financial risk in a sentence

• Full financial risk means the VBE is financially responsible on a prospective basis for the cost of all items and services covered by the applicable payor for each patient in the target patient population for a term of at least 1 year.

• Full financial risk means that “the VBE is financially responsible on a prospective basis for the cost of all items and services covered by the applicable payor for each patient in the target patient population for a term of at least 1 year.” This Safe Harbor does not protect an ownership or investment interest in the VBE or any distributions related to an ownership or investment approach.

• Full financial risk may take the form of capitation payments or global budget payment.

• Full financial risk should be modified to limit VBE responsibility to the cost of only a defined set of patient care services for the target patient population, not all patient care services, to allow for additional flexibility for instances that may require some FFS payments.

More Definitions of Full financial risk

Full financial risk means the value-based enterprise is financially responsible (or is contractually obligated to be financially responsible within the 6 months following the commencement date of the value-based arrangement) on a prospective basis for the cost of all patient care items and services covered by the applicable payor for each patient in the target patient population for a specified period of time.

Full financial risk means that the value-based enterprise is financially responsible on a prospective basis for the cost of all items and services covered by the applicable payor for each patient in the target patient population for a term of at least 1 year

Full financial risk means the VBE is financially responsible for the