SHARED SAVINGS PROGRAM Sample Clauses

The Shared Savings Program clause establishes a framework for distributing cost savings achieved through a project or initiative among participating parties. Typically, this clause outlines the method for calculating savings, the proportion each party receives, and the timing of payments. For example, if a contractor implements efficiency measures that reduce expenses, both the contractor and the client may share the resulting financial benefits according to a pre-agreed formula. The core function of this clause is to incentivize collaboration and efficiency by ensuring all parties benefit from successful cost-saving efforts.
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SHARED SAVINGS PROGRAM. As of the Effective Date the Medical and Hospital Service Contract is amended to include the following:
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SHARED SAVINGS PROGRAM. For the service fee specified in Exhibit A, we may make our Shared Savings Program available to some or all of your Plan, when such discounts are available to us. The program provides access to discounted charges from health care providers which are made available to us for use with the Subscriber benefit plans that we administer on behalf of our customers.
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SHARED SAVINGS PROGRAM. Application of the Shared Savings Program provides additional savings on select non-Network facility and physician claims not eligible for standard network discounts. Program provides access to discounted charges made available to United from health care providers who contract or will negotiate with, a third party to provide such discounted charges. The services under this program provide access to provider discounts only and do not include credentialing of providers or other Network services. United is not responsible for the medical outcomes or the quality or competence of any provider or facility rendering services under the Shared Savings Program. Either party can terminate the Shared Savings Program at any time for any reason with written notice. Facility Reasonable & Customary Charge Determination United can terminate the program in whole or in part at any Program. time for any reason This program provides for reduction of facility billed charges in accordance with appropriate guidelines. Access to Extended Networks (leased networks) Available at an additional charge. I. C ARE M AN AG EM EN T A ND O U T REAC H S E RVICE S Personal Health Support, an integrated personal health Coordination with external vendors is subject to an additional management program using a designated team of nurses and fee. incorporating elements of care management core activities such as case management and support around specific treatment decisions. A pregnancy program, consumer engagement notification program including gaps in care messaging, and a predictive model specific to Customer are also included. Medical policy functions, as guided by a medical director. Standard on all managed plans. Disease Management Programs (including asthma, Coordination with external vendors is subject to an additional coronary artery disease, congestive heart failure and diabetes) fee. • Cancer Resource Services • Congenital Heart Disease Resource Services • Healthy Pregnancy • Kidney Resource Services • Neonatal Resource Services Alternate Care Proposals (ACP) which provide appropriate and cost effective health care services and supplies alternatives that would otherwise not be covered by the Plan. Activation programs to engage Participants including, monthly health statements member call services, and access to member portal with consumer messaging Customer consents to United’s use and administration of the ACP program and delegate to United the discretion and authority to develop and re...
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SHARED SAVINGS PROGRAM. Seller, directly or through ------------------------------------- an appropriate affiliate, agrees in good faith to continue the current Shared Savings Program ("SSP") business utilizing the services and products of the Company, subject to the fee arrangement established by Seller and Company. This fee arrangement consists of a fee equaling XX% of savings for claims accessing a Company discount through any of the Company's direct contracts or any of the Company's leased affiliate contracts, except for the Multiplan, Inc. network. For claims accessing a discount through the Company's agreement with Multiplan, the fee will be calculated as the prevailing Multiplan rate to the Company plus X percentage points. If the rate between Multiplan and the Company is renegotiated, Seller's rate with the Company would automatically be adjusted to reflect that change. Seller would participate on a prorata share in any retroactive rate credits given by Multiplan to the Company.
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SHARED SAVINGS PROGRAM. 19 SECTION 5.14 Agreement Not to Compete........................ 20
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Related to SHARED SAVINGS PROGRAM

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.