Common use of Rate Adjustment Process Clause in Contracts

Rate Adjustment Process. 1. The Capitation Rates shall be calculated annually to be effective on the first day of the Department's fiscal year. The Department will make its best effort to determine the rate prior to the start of the fiscal year. If the Department is unable to determine the rate before July 1, payment will continue to be made at the previous year's Capitation Rate until such time as the new rate has been established 2. If payment has been made at the previous year's Capitation Rate during any portion of a new fiscal year, the Department will make a payment adjustment in the amount that results from the difference between the new Capitation Rate and the previous year's Capitation Rate.

Rate Adjustment Process. 1. The Capitation Rates Rate shall be calculated annually to be effective on the first day of the Department's fiscal year. The Department will make its best effort to determine the rate prior to the start of the fiscal year. If the Department is unable to determine the rate before July 1, payment will continue to be made at the previous year's Capitation Rate until such time as the new rate has been established 2. If payment has been made at the previous year's Capitation Rate during any portion of a new fiscal year, the Department will make a payment adjustment in the amount that results from the difference between the new Capitation Rate and the previous year's Capitation Rate.