Internal Cost Savings definition
Internal Cost Savings means the measurable, actual, and verifiable cost savings realized by the Hospital resulting from care redesign undertaken by Hospital in connection with providing items and services to beneficiaries within specific CJR Episodes of Care. Internal Cost Savings does not include savings realized by any individual or entity that is not the Hospital.
Internal Cost Savings means, for each NPRA Sharing Partner and Non-Convener Participant, the measurable, actual, and verifiable cost savings realized by the NPRA Sharing Partner or the Non-Convener Participant, as applicable, resulting from Care Redesign undertaken by the NPRA Sharing Partner (or by either the NPRA Sharing Partner or the Non-Convener Participant, in the case of Internal Cost Savings contributions made by a Participant) in connection with furnishing items and services to BPCI Advanced Beneficiaries within the Clinical Episodes for which the Participant has committed to be held accountable in the Participant Profile. Internal Cost Savings do not include savings realized by a Convener Participant or any individual or entity that is not an NPRA Sharing Partner.
Internal Cost Savings means, for each EIP, the measurable, actual, and verifiable cost savings realized by the EIP resulting from Care Redesign undertaken by the EIP in connection with providing items and services to Model 4 Beneficiaries within specific Episodes of Care. Internal Cost Savings does not include savings realized by any individual or entity that is not an EIP.
Examples of Internal Cost Savings in a sentence
Require Awardee to prevent contributions of an Episode Initiator’s and/or EIP’s Internal Cost Savings into the BPCI Savings Pool.
Each Gainsharing Arrangement must include specific methodologies for accruing and calculating Internal Cost Savings for each EIP that are transparent, measurable, and verifiable in accordance with Generally Accepted Accounting Principles (GAAP) and Government Auditing Standards (The Yellow Book).
More Definitions of Internal Cost Savings
Internal Cost Savings means, for each NPRA Sharing Partner, the measurable, actual, and verifiable cost savings realized by the NPRA Sharing Partner resulting from Care Redesign undertaken by the NPRA Sharing Partner in connection with furnishing items and services to BPCI Advanced Beneficiaries within the Clinical Episodes for which the Participant has committed to be held accountable in the Participant’s Participant Profile. Internal Cost Savings do not include savings realized by any individual or entity that is not the NPRA Sharing Partner.