First Amendment to Amended and Restated Management Services Agreement between Argus Health Systems, Inc. and HealthSpring Entities
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Summary
This amendment updates the existing Management Services Agreement between Argus Health Systems, Inc. and several HealthSpring companies. The main change clarifies how prescription drug pricing standards for Medicare Part D services will be updated, specifying compliance with federal regulations and the use of First DataBank as the pricing source. All other terms of the original agreement remain unchanged. The amendment is effective January 1, 2010, and is signed by representatives of all parties involved.
EX-10.1 2 c91596exv10w1.htm EXHIBIT 10.1 Exhibit 10.1
Exhibit 10.1
FIRST AMENDMENT TO AMENDED & RESTATED MANAGEMENT SERVICES AGREEMENT
This FIRST AMENDMENT hereby amends the Amended and Restated Management Services Agreement, dated January 1, 2009, (as amended, the MSA), between Argus Health Systems, Inc. (Argus) and HealthSpring of Tennessee, Inc., a Tennessee corporation; HealthSpring of Tennessee, Inc., a Tennessee corporation d/b/a HealthSpring of Illinois; Texas HealthSpring, LLC, a Texas limited liability company; HealthSpring Life & Health Insurance Company, Inc., a Texas insurance company; HealthSpring of Florida, Inc., a Florida corporation; and HealthSpring of Alabama, Inc., an Alabama corporation (hereinafter collectively referred to as Customer). The effective date of this Amendment is January 1, 2010 (the Effective Date).
WHEREAS, Argus entered into the MSA with Customer in order to facilitate certain pharmacy benefit administration services including services relating to Medicare Part D; and
WHEREAS, Argus and Customer desire to amend the MSA to revise certain provisions relating to Medicare Part D services;
NOW THEREFORE, in consideration of the mutual promises and agreements contained in this Amendment and in the MSA, Argus and Customer hereby agree as follows:
1. | Section 14 of Subsection A (General Provisions) of Appendix 1 (Medicare Part D Regulatory Provisions) to the Medicare Part D Addendum to the MSA shall be deleted in its entirety and replaced with the following: |
14. | In accordance with 42 CFR 423.505(b)(21), subcontractor acknowledges the CMS requirement that any prescription drug pricing standard used to reimburse pharmacies based on the cost of the drug will be updated on January 1 of each contract year and at least every seven (7) days thereafter, and (ii) that Argus utilizes First DataBank as its third party pricing source. |
2. | Capitalized terms not otherwise defined herein shall have the meanings stated in the MSA. |
3. | Except as otherwise set forth in this Amendment, the MSA shall not be amended or otherwise modified in any respect and shall remain in full force and effect in accordance with its terms. In the event of any conflict or inconsistency between any provision of this Amendment and any provision of the MSA, the provisions of this Amendment shall govern and control. |
HealthSpring -First Amendment
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment.
ARGUS HEATLTH SYSTEMS, INC. | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 | |||
HEALTHSPRING OF TENNESSEE, INC. | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 | |||
HEALTHSPRING OF TENNESSE, INC. | ||||
d/b/a HEALTHSPRING OF ILLINOIS | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 | |||
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TEXAS HEALTHSPRING, LLC | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 | |||
HEALTHSPRING OF ALABAMA, INC. | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 | |||
HEALTHSPRING OF FLORIDA, INC. | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 | |||
HEALTHSPRING LIFE & HEALTH INSURANCE COMPANY | ||||
By: Printed Name: | /s/ Michael G. Mirt | |||
Title: | Chief Executive Officer | |||
Date: | April 2, 2009 |
HealthSpring -First Amendment
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