Shared Savings definition

Shared Savings means the monetary amount owed to the ACO by CMS in accordance with the applicable Risk Arrangement and Appendix B due to expenditures for Medicare Part A and B items and services furnished to Next Generation Beneficiaries lower than the Performance Year Benchmark.

Shared Savings means the monetary amount owed to an ACO by a Payer as determined by comparing the ACO’s expenditures for Enrollees against the Benchmark for that Payer and accounting for the ACO’s performance against any quality measures.

Shared Savings means a payment mechanism in which the provider and payer share cost savings achieved against a target cost budget based upon agreed upon terms and may include downside risk.

Examples of Shared Savings in a sentence

• This Contract is eligible for the Shared Savings Incentive Program per Section 641.31076, F.S. This voluntary program allows Members to participate in the savings generated from Shoppable Health Care Services located at providers on the AvMed’s shared savings list.

• This list includes all available Shoppable Health Care Services and their Shared Savings Incentive amount.

• Blue Shield Life Value-Based Programs include, but are not limited to, Accountable Care Organizations, Episode Based Payments, Patient Centered Medical Homes and Shared Savings arrangements.

• As of the Effective Date the Medical and Hospital Service Contract is amended to include the following:  Shared Savings Incentive Program.

• ACO Program obligations for the last Performance Year of participation, such as quality reporting, obligations for Shared Risk and opportunities for Shared Savings will survive termination.

More Definitions of Shared Savings

Shared Savings means a program in which the sole source of payment for energy conservation measures or ser- vices provided by a company is a predetermined percentage of the energy cost savings of the user resulting from the energy conservation measure or service.

Shared Savings means the monetary amount owed to an ACO by a payer as determined by comparing the ACO’s expenditures for aligned beneficiaries against the ACO Benchmark for that payer.

Shared Savings is more particularly defined by each ACO Program, but generally means the portion of Performance Year spending that was less than the expected spending.

Shared Savings has the meaning set forth in Section 4.7(d).

Shared Savings means the portion of the difference between Actual Expenditures that are less than Expected Expenditures in a Performance Year that ACO is eligible to receive as payment according to the formulas and procedures set forth in the VMSSP Standards.

Shared Savings means the monetary amount owed to the DCE by CMS due to expenditures for Medicare Part A and Part B items and services furnished to DC Beneficiaries during a Performance Year that are lower than the Performance Year Benchmark. The amount of Shared Savings is determined by CMS in accordance with Appendix B and the Risk Sharing Option and DC Capitation Payment Mechanism selected by the DCE.

Shared Savings means a specified percentage of total savings achieved, as determined by CMMI. Shared Savings are determined by CMMI through reconciling expenditures against the benchmark.