Texas Government Code 533.014 – Profit Sharing
Current as of: 2024 | Check for updates
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(a) The executive commissioner shall adopt rules regarding the sharing of profits earned by a managed care organization through a managed care plan providing health care services under a contract with the commission under this chapter.
(b) Except as provided by Subsection (c), any amount received by the state under this section shall be deposited in the general revenue fund.
Terms Used In Texas Government Code 533.014
- Contract: A legal written agreement that becomes binding when signed.
(c) If cost-effective, the commission may use amounts received by the state under this section to provide incentives to specific managed care organizations to promote quality of care, encourage payment reform, reward local service delivery reform, increase efficiency, and reduce inappropriate or preventable service utilization.
Text of section effective until April 01, 2025