Minimum MLR definition

Minimum MLR means one and one-half (1.5) percentage points below the Target MLR outlined in the Contract Year 2021 capitation rate development report dated September 17, 2020 (“2021 Rate Development Report”) as shown below. This value will be reduced by up to an additional one-half (0.5) percentage point if certain quality measures described in Section
View Source
Minimum MLR means one and one-half (1.5) percentage points below the Target MLR outlined in the Contract Year 2021 capitation rate development report dated September 17, 2020 (“2021 Rate Development Report”) as shown below. This value will be reduced by up to an additional one-half (0.5) percentage point if certain quality measures described in section 7.13 are met or exceeded. The reduction will be the proportion of points obtained by the MCO for meeting quality measures to the total points possible times the one-half (0.5) percentage point.
View Source
Minimum MLR means one and one-half (1.5) percentage points below the Target MLR outlined in the Contract Year 2021 capitation rate development report dated
View Source

Related to Minimum MLR

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Level (ML) means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.