How is Contracted Rate defined in a legal contract?
- Contracted Rate means the complete payment (factoring in cost sharing) that a health plan has agreed to provide to a provider, a medical establishment, or an air ambulance service provider for insured goods and services, managed either directly or indirectly, possibly through a third-party administrator or a benefits manager for medicines. Exceptions to this definition include independent agreements, letters of agreement, or similar arrangements between a provider, facility or air ambulance provider and a plan, made to augment the network of the plan for specific participants or beneficiaries under special circumstances. Seen in 8 SEC Filings
- Contracted Rate means the determined expense or reimbursement amount for a network provider's services, treatments, or supplies, as decided by an agreement between the provider and a health benefit plan issuer. Seen in 3 SEC Filings
- Contracted Rate means the mutually agreed amount that a provider has consented to receive as remuneration under the Provider’s contract with a third-party network provider. Seen in 2 SEC Filings
- Contracted Rate means the amount for services such as a voice line, electronic key line and/or ISDN Centrex – Custom. Additionally, the ""Effective Rate"" refers to the resulting rate for the Contributory Services after the Service Level Discount has been applied. Seen in 1 SEC Filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of contracted rate' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Contracted Rate means an agreed total payment between professionals and [organization] for ensured goods and services.
Relevant Contract Types
Relevant Circumstances
- Contract renewal
- Setting up a new service agreement
- Updating service agreement terms
Relevant Sectors
Genie Definition 2
Contracted Rate means a fixed charge for a specific utility, applied after a discount for [organization] services.
Relevant Contract Types
Relevant Circumstances
- Creating a new utility service contract
- Telecommunication service agreements
- Updating existing rates in ongoing contracts
Relevant Sectors
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Contracted Rate means an agreed total payment between professionals and [organization] for ensured goods and services
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