Medical Expense Fund definition
Medical Expense Fund shall be defined as the Applicable Premium, less Health Plan administrative fees, that shall be used to pay Expenses.
Examples of Medical Expense Fund in a sentence
In the event that it is determined that Provider is entitled to an HBR Incentive, Health Plan shall pay Provider from the Health Plan Medical Expense Fund one-half (1/2) of the amount of the HBR Shared Savings achieved during the applicable month within sixty (60) days of Health Plan’s issuance of the monthly HBR report (as set forth in Section 7 below) which includes the applicable calendar month.
All Provider HBR Incentives resulting from realized HBR Shared Savings shall be paid from the Health Plan Medical Expense Fund.