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Vera Whole Health 3/24/2025 Amendment 5
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Vera Whole Health 3/24/2025 Amendment 5
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Last modified
4/1/2025 4:45:27 PM
Creation date
4/1/2025 4:44:51 PM
Metadata
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Template:
Contracts
Contractor's Name
Vera Whole Health
Approval Date
3/24/2025
Council Approval Date
6/5/2019
End Date
12/31/2030
Department
Human Resources
Department Project Manager
Chelsi Bardwell
Subject / Project Title
Vera Whole Health Amendment No. 5
Amendment/Change Order
Amendment
Amendment/Change Order Number
5
Tracking Number
0001823
Total Compensation
$7,920,000.00
Contract Type
Agreement
Contract Subtype
Professional Services (PSA)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
Document Relationships
Vera Whole Health 6/7/2019
(Amendment)
Path:
\Documents\City Clerk\Contracts\Agreement\Professional Services (PSA)
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2.6 “Vera” for purposes of this SOF-1, Vera shall mean Vera Whole Health Inc., Vera <br />Whole Health WA, P.C. and Castlight Health, Inc. <br />3 FEES <br />3.1 Payment Procedure. Compensation and payment for the Services under this SOF- <br />1 and the applicable invoicing shall be as set forth in this SOF-1. Payment will be <br />due thirty (30) days after Employer’s receipt of each invoice. If any charge owing <br />by Employer (other than charges disputed in good faith) is thirty (30) days or more <br />overdue, Vera may, without limiting its other rights and remedies, suspend the <br />Services until such amounts are paid in full. Additionally, all amounts not paid <br />when due will accrue interest (without the requirement of a notice) at the rate of <br />1.5% per month until the unpaid amounts are paid in full. Except as otherwise <br />provided in a document executed between the parties, all invoiced amounts are in <br />U.S. dollars and all payments shall be made in U.S. dollars. Unless otherwise <br />expressly provided in the Agreement or any applicable Services Order Form, <br />purchases of Services hereunder are non-cancellable and all fees are non-refundable. <br />3.2 Advanced Primary Care (“APC”) Fee. In consideration of the Services provided <br />as described herein, Employer shall, commencing on January 1, 2025, and <br />continuing throughout the SOF-1 Term so long as Vera is in compliance with the <br />Agreement (including this SOF-1), pay Vera a monthly fee in arrears based on the <br />actual number of Participants who are authorized by Employer to utilize the Services <br />during the previous calendar month (the "APC Fee"). The APC Fee will be <br />calculated as follows for each month: <br />Service Number of <br />Participants <br />Rate Model Fee <br />APC 2,200 PPPM $50.00 <br />“PPPM” means the per Participant per month rate used to calculate the APC Fee <br />for the Services. <br />3.3 Annual Increases for APC Fee. By written notice to Employer given no later than <br />sixty (60) days prior to the first and second anniversaries of the SOF-1 Term, Vera shall <br />have the right to increase the APC Fee for the following Clinic Year under the Agreement <br />in order to compensate Vera for additional incurred costs; provided however, in no case <br />shall the APC Fee be increased for any Clinic Year by a percentage that is greater than the <br />percentage increase of June-to-June CPI-U for Seattle-Tacoma-Bellevue published by the <br />Bureau of Labor Statistics for the prior calendar year. For example, this means that the <br />percentage increase in the APC Fee from Clinic Year 2025 to Clinic Year 2026 is capped <br />by the percentage increase in such CPI-U from June 2024 to June 2025. <br />IV PERFORMANCE GUARANTEES <br />4.1 In any Clinic Year in which Vera fails to achieve the annual performance target (the <br />“Performance Measure Targets”) set forth in the table below, Vera shall refund to
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