Cost Containment Clause Samples
A Cost Containment clause is designed to limit or control the expenses incurred under a contract. It typically sets maximum spending thresholds, requires prior approval for costs exceeding certain amounts, or mandates regular reporting of expenditures. For example, a service provider may not be allowed to bill for additional work unless the client consents in writing. The core function of this clause is to protect parties from unexpected or excessive costs, ensuring financial predictability and accountability throughout the contractual relationship.
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Cost Containment. The Benefit Fund Trustees are directed to explore all reasonable methods of cost containment to minimize the Employer contribution obligations under the contract. In the event Medicare becomes secondary in the application of the retiree benefit plan, the Trustees will take immediate and remedial action to protect the financial integrity of the Plan.
Cost Containment. The Village reserves the right to institute or modify cost containment measures relative to insurance coverage so long as the basic level of insurance benefits remains substantially the same. Such changes may include, but are not limited to, health maintenance organizations, mandatory second opinions for elective surgery, pre-admissions except in emergency situations, bounty clause, and mandatory outpatient elective surgery for certain designated surgical procedures.
Cost Containment. The City reserves the right to maintain or institute cost containment measures relative to insurance coverage. Such changes may include, but are not limited to, mandatory second opinions for elective surgery, pre-admission and continuing admission review, prohibition on weekend admissions except in emergency situations, bounty clause, and mandatory out-patient elective surgery for certain designated surgical procedures.
Cost Containment. The Association agrees to participation in a District cost 7 reduction committee to meet on an as needed basis to address the extensive current 8 and projected increases in health care costs. Recommendations shall be submitted 9 for consideration by the respective collective bargaining teams. 10
Cost Containment. Resident shall apply cost-containment measures in the provision of patient care consistent with the policies of KMC and the Program.
Cost Containment. The parties agree and affirm that they will work with each other to effectively contain health insurance costs through encouraging proper utilization of the program and continued support of the Wellness Program.
Cost Containment. The term "employee" as it pertains to this section shall mean the employee and all of his eligible dependents.
Cost Containment. The Union and all employees covered by this agreement shall cooperate with the City in all cost containment efforts including further study and implementation of cost containment alternatives; provided that the City shall not implement any reduction in benefits without reasonable notice and mutual agreement of the Union. The Union members will have representation in the City’s cost containment decisions as other employee groups.
Cost Containment. The Village reserves the right to institute cost containment provisions for medical and dental insurance programs. Examples of such cost containment provisions may include, but are not limited to, the following:
a) Hospitalization must be pre-approved for non-emergency purposes or health benefits may be reduced;
b) Authorization for emergency admission must be obtained within forty-eight (48) hours of the admission or benefits may be reduced;
c) Hospital benefits shall be paid only for the approved number of extended confinement days, unless other authority has been obtained; and
d) The insurance provider may require mandatory second opinions for elective surgery, pre-admission and continued admission review, prohibition on weekend admissions except in emergency situations, and mandatory out-patient elective surgery for certain designated surgical procedures.
e) Changes made to avoid increased costs relating to State or Federal mandates concerning insurance programs or coverage.
Cost Containment. The Employer reserves the right to institute cost containment measures relative to insurance coverage as long as the level of benefits remains substantially the same. Such changes may include, but are not limited to, mandatory second opinions for elective surgery, pre-admission and continuing admission review, prohibition on weekend admissions except in emergency situations, and mandatory out-patient elective surgery for certain designated surgical procedures.