Reserving. As part of its accounting and budgeting function, Contractor shall establish an actuarially sound process for estimating and tracking incurred but not reported claims (IBNRs). As part of its reserving methodology, the Contractor shall conduct “look backs” at least annually to assess its reserving methodology and make adjustments as necessary.
Appears in 10 contracts
Sources: Medicaid Program Agreement, Medicaid Rite Smiles Program Agreement, Medicaid Rite Smiles Program Agreement