1. (a) As used in this chapter, "value based health care reimbursement agreement" may include the following:

   1. (1) An accountable care organization that has a contract with a health plan in which the health plan:

      1. (A) does not assume risk for prior authorization to a provider organization; or
      2. (B) delegates risk to a provider organization to manage prior authorization.
   2. (2) Bundled payments.
   3. (3) A capitated rate reimbursement arrangement.
   4. (4) A pay for performance arrangement.
   5. (5) Any other health care reimbursement arrangement in which the health care provider accepts at most ten percent (10%) of the downside risk.

2. (b) The term does not include any of the following:

   1. (1) Narrow networks.
   2. (2) Fixed fee schedules.

As added by P.L.203-2023, SEC.19.