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Can Chartered Value Exchanges lose their designation before the 3-year period ends?

April 26, 2017chartered ends exchanges lose period value

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Can Chartered Value Exchanges lose their designation before the 3-year period ends?

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Yes. If one of the four critical stakeholder groups (purchaser, plan, provider, consumer advocacy organization) drops out of the collaborative after the collaborative is designated a Chartered Value Exchange, the Chartered Value Exchange will be given 3 months to re-secure the stakeholder group membership. If that does not occur, the Chartered Value Exchange designation will be rescinded.