Definition of Terms:
Cut-off Period : This is the date range for ever cycle which is every 3 months.
Base Reward : This is the standard starting amount for reward conversion.
RTH Rate : This is the average Return to Hospital (RTH) rate of claims computed from the previous 3 months.
Denial Rate : This the average denied rate of claims computed from the previous 3 months.
Penalty Rate : This is the sum of the rate of RTH Rate and Denial Rate.
Reward Claim Rate : This is the final rate after the penalty rate has been subtracted to the Base Reward.
Total Reward : This is the final computed reward to be remitted back to the eligible user.
Mechanics:
All clients subscribed under our Premium plan are qualified for this (subject to pre-approval as there are some on-boarding process that needs to happen).
We will require that users have an updated login accounts with valid email address, valid mobile phone number, and/or a GCASH account
- Cut off period is Quarterly
- The Base Reward per Claim is PHP 10.00
- RTH and Denied Claims Rates are subtracted from the Base Reward Claim Rate (Ex. RTH rate is 3%; rounded up; Denied Rate is 1%; The final Base Reward Claim Rate is computed as PHP 10.00 — (3.00 + 1.00). It will now be PHP 6.00 (PHP 10.00 — PHP 4.00)
- Every paid claim earns the encoder PHP 10.00
- Basis of Paid Claim is the “Cheque Date” which will be computed at the end of the month.
Formula:
Total Reward = Number of Paid Claims * [Base Reward per Claim — Penalty Rate ]
Rewards Pay-out Schedule:
At the end of each cycle, Stash will disburse the *Total Reward to the subscribed user account via GCASH (for now).
*Final Total Reward is subject to deductions for bank/payment transfer fees.
Other Notes:
This Rewards Program is solely an initiative of Stash to incentivize users who do a great job in filing good claims. Stash reserves all its rights and conditions to revise, remove, and repeal any of the rules stipulated in this program.
