Performance Corridor Clause Samples
A Performance Corridor clause defines a range or threshold of acceptable performance levels for a party under a contract. Typically, it sets minimum and maximum performance targets, such as delivery times, quality standards, or service levels, and may specify consequences or incentives if performance falls outside or within this corridor. This clause ensures that both parties have clear expectations regarding performance, helping to manage risk and avoid disputes by outlining what constitutes satisfactory or unsatisfactory performance.
Performance Corridor. If outside LHIN Target, a Performance Corridor of plus or minus 10% of the Negotiated Target would be applied. For example, if the Negotiated Target is 0.7, the Performance Corridor would have a lower limit of 0.63 (0.7 * 90%) and an upper limit of 0.77 (0.7 * 110%).
Performance Corridor. The Performance Corridor is the upper control limit on the amount by which the Hospital’s readmission rate exceeds the expected rate. The width of this corridor is related to the Hospital’s annual number eligible cases. The width is three times the standard deviation of the Hospital’s expected readmission rate divided by the square root of the Hospital’s number of eligible cases. Hospital-specific corridors are available on the Web Enabled Reporting System (WERS).
Performance Corridor. The corridor is the upper control limit for this rate. This is three times the standard deviation associated with the average risk-adjusted rate divided by the square root of the Hospital’s eligible number of cases. The indicator should not exceed the target by more than this upper control limit.
Performance Corridor. (i) For hospitals performing at the LHIN’s Accountability Agreement target or better:
(ii) For hospitals performing above the LHIN’s Accountability Agreement target with Pay for Results Funding: Performance Corridor: 10% and