1166 Contract Type Code

Code identifying a contract type

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
01Diagnosis Related Group (DRG)
A patient classification scheme, which provides means of relating the type of patients a hospital treats to the costs incurred by the hospital, to determine quality of care and utilization of services in a hospital setting
02Per Diem
A contract which allows certain charges to be on a rate per day basis
03Variable Per Diem
A contract which allows certain charges to be on a rate per day basis, where the rate may not remain constant
04Flat
A contract between the provider of service and the destination payor whereby the flat rate charges may differ from the total itemized charges
05Capitated
A contract between the provider of service and the destination payor which allows payment to the provider of service on a per member per month basis
06Percent
09Other
ACAnticipated Contract
CACost Plus Incentive Fee (With Performance Incentives)
CBCost Plus Incentive Fee (Without Performance Incentives)
CHCost Sharing
CPCost Plus
CSCost
CWCost Plus Award Fee
CXCost Plus Fixed Fee
CYCost Plus Incentive Fee
DIDistributor
FAFirm or Actual Contract
FBFixed Price Incentive Firm Target (With Performance Incentive)
FCFixed Price Incentive Firm Target (Without Performance Incentive)
FDFixed Price Redetermination
FEFixed Price with Escalation
FFFixed Price Incentive Successive Target (With Performance Incentive)
FGFixed Price Incentive Successive Target (Without Performance Incentive)
FHFixed Price Award Fee
FIFixed Price Incentive
FJFixed Price Level of Effort
FKNo Cost
FLFlat Amount
FRFirm Fixed Price
FXFixed Price with Economic Price Adjustment
LALabor
LELevel of Effort
Describes a contract type where payment is made for the performance of a specified level of effort
LHLabor Hours
OCOther Contract Type
A type of contract which is neither covered by an existing code nor previously mutually defined
SPSame Percentage as Film Rental Earned (SPFRE)
TMTime and Materials
ZZMutually Defined
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