Examples of Medicare FFS in a sentence
The State’s Medicare FFS beneficiaries must not experience any reductions in their rights to benefits or covered services under this Agreement.
If after the start of a PY, the State wishes to update a Participant Hospital’s Medicare FFS Hospital Global Budget for that PY, the State must submit a written request to CMS describing and providing its rationale for the requested update(s), as well as a proposed implementation timeline for each update.
If the State does not meet the Medicare FFS Primary Care Investment 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.
CMS may request additional information or data as needed to validate the State’s calculations of any Participant Hospital’s Medicare FFS Hospital Global Budget.
If CMS identifies an error in the State’s calculation of any Participant Hospital’s Medicare FFS Hospital Global Budget, the State must correct any such errors at least 60 days prior to the start of the applicable PY.
The State may calculate the Medicare FFS Hospital Global Budget for each Participant Hospital in a given PY if the State notifies CMS at least 365 days in advance of the applicable PY that it will do so.
The Parties acknowledge that as of January 1, 2025, CMS did not receive such notification from the State and CMS will calculate the Medicare FFS Hospital Global Budget for each Participant Hospital in PY1.
If the State submits such notification to CMS for PY2 or subsequent PYs, the State must submit to CMS each Participant Hospital’s Medicare FFS Hospital Global Budget, as calculated by the State using the CMS-Approved State- Designed Medicare FFS Hospital Global Budget Methodology for the upcoming Performance Year, no later than 150 days prior to the start of that Performance Year.
Within 30 days of CMS' receipt of each Participant Hospital’s Medicare FFS Global Budget as calculated by the State, CMS will review and validate each Participant Hospital’s Medicare FFS Hospital Global Budget and notify the State of its decision to approve payment of the Medicare FFS Hospital Global Budget for a Participant Hospital as submitted or require revisions.
If CMS does not approve a Participant Hospital’s Medicare FFS Hospital Global Budget at least 60 days prior to the start of the applicable PY, CMS will calculate the Medicare FFS Hospital Global Budget for the Participant Hospital using the CMS-Approved State-Designed Medicare FFS Hospital Global Budget Methodology.