first payment year
Defined in 2 places of the United States Code.
The term “first payment year” means, with respect to covered professional services furnished by an eligible professional, the first year for which an incentive payment is made for such services under this subsection. The terms “second payment year”, “third payment year”, “fourth payment year”, and “fifth payment year” mean, with respect to covered professional services furnished by such eligible professional, each successive year immediately following the first payment year for such professional.
Source
- 2009–present42 U.S.C. § 1395WThe Public Health and Welfare · Payment for physicians services · in this section
The term “first payment year” means, with respect to inpatient hospital services furnished by an eligible hospital, the first fiscal year for which an incentive payment is made for such services under this subsection. The terms “second payment year”, “third payment year”, and “fourth payment year” mean, with respect to an eligible hospital, each successive year immediately following the first payment year for that hospital.
Source
- 2009–present42 U.S.C. § 1395WWThe Public Health and Welfare · Payments to hospitals for inpatient hospital services · under this section