Performance Corridor definition
Examples of Performance Corridor in a sentence
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%).
INDICATOR CLASSIFICATION Monitoring PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: The corridor applied to locally negotiated performance targets for this indicator is 20% of target.
The Performance Corridor is the upper control limit on the amount by which the Hospital’s readmission rate exceeds the expected rate.
INDICATOR CLASSIFICATION Monitoring PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: The corridor applied to locally negotiated performance targets for this indicator is +/- 20% of target.
If outside LHIN Target, a Performance Corridor of plus or minus 10% of the Negotiated Target would be applied.
INDICATOR CLASSIFICATION Developmental PERFORMANCE STANDARD Performance Target: Not applicable Performance Corridor: Not applicable NUMERATOR CALCULATION Use statistic S407* Days Waited for Service Initiation in a functional centre – the total number of days (24 hour period) waited by individuals who have received their first service in the functional centre during the current fiscal year as per the OHRS definition.
In this Schedule E, the following terms have the following meanings: Indicator means a measure of HSP performance for which a Target is set; Performance Corridor means the acceptable range of results around a Target; Performance Standard means the range of performance that results when a Performance Corridor is applied to a Target; and Target means the level of performance expected of the HSP in respect of an Indicator.