Third Party Payor Program definition

Third Party Payor Program means any Federal Health Care Program, or any other health care payment or reimbursement program in which an Obligor or Subsidiary participates, including programs sponsored by private insurers or managed care plans.

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Third Party Payor Program means such private, non-governmental healthcare programs, including to any private insurance program.

Third Party Payor Program has the meaning specified in Section 4.1(b).

Examples of Third Party Payor Program in a sentence

• There is no existing, pending or to Borrower’s knowledge, threatened in writing, revocation, suspension, termination, probation, restriction, limitation, or nonrenewal proceeding by any third-party payor under a Third Party Payor Program, other than those which have been disclosed to Agent, if any.

• No circumstance exists or event has occurred which could result in a violation of any Health Care Law or any requirement of any Third Party Payor Program that could reasonably be expected to result in a Material Adverse Effect.

• There is no investigation, audit, claim review, or other action pending or, to the knowledge of the Borrower or any of its Subsidiaries, threatened in writing, which could result in a suspension, revocation, termination, restriction, limitation, modification or non-renewal of any Third Party Payor Authorization or result in the exclusion of the Borrower or any of its Subsidiaries from any Third Party Payor Program that could reasonably be expected to have, in the aggregate, a Material Adverse Effect.

• There are no pending (or, to the knowledge of the Borrower or any of its Subsidiaries, threatened) Proceedings against or affecting the Borrower or any of its Subsidiaries or, to the knowledge of the Borrower or any of its Subsidiaries, any Licensed Personnel, relating to any actual or alleged non-compliance with any Health Care Law or requirement of any Third Party Payor Program, in each case, that could reasonably be expected to have, in the aggregate, a Material Adverse Effect.

• There currently exist no restrictions, deficiencies, required plans of correction or other such remedial measures with respect to any Health Care Permit of the Borrower or any of its Subsidiaries, or the participation by the Borrower or any of its Subsidiaries in any Third Party Payor Program, in each case, that could reasonably be expected to have, in the aggregate, a Material Adverse Effect.

More Definitions of Third Party Payor Program

Third Party Payor Program means Medicare, Medicaid, CHAMPUS, insurance provided by Blue Cross and/or Blue Shield, managed care plans, and any other private health care insurance programs and employee assistance programs as well as any future similar programs.

Third Party Payor Program means any Governmental Third Party Payor Program or any Private Third Party Payor Program.

Third Party Payor Program means Medicare, Medicaid and the managed care agreements set forth on the Company Disclosure Schedule.

Third Party Payor Program means any payment or reimbursement program maintained by any Third-Party Payor whereby the Third-Party Payor reimburses health care providers or other Persons for the provision of health care items and services, including Governmental Payor Programs, in each case, in which any Company Entity or Asset Seller (as it relates to the Business) participates, or to which any Company Entity or Asset Seller (as it relates to the Business) submits claims.

Third Party Payor Program means all health care plans or health care reimbursement programs offered by any insurer that is responsible for payment with regard to a health care service provided, directly or indirectly, by the Company or its subsidiaries.

Third Party Payor Program means any third party governmental or non-governmental payor program pursuant to which healthcare providers qualify for payment or reimbursement for medical or therapeutic care or other goods or services rendered, supplied or administered to any patient by or for any bureau, corporation, agency, commercial insurer, non-public entity, “HMO,” “PPO” or other comparable party, including any private insurance program, under which any of Transferor or its Facilities, directly or indirectly, are presently receiving payments or is eligible to receive payments.

Third Party Payor Program means any government sponsored health care program (including Medicare, the TRICARE program, and Medicare Advantage); any private insurer, health benefit plan, health maintenance organization, preferred provider organization, employer-sponsored health plan, multi-employer welfare trust; or any other managed care program or third party payor, including any fiscal intermediary or contractor of any of the foregoing, that provides benefits to or on behalf of residents of the Facilities.