Billing and Collecting. MidSouth shall, on behalf of the Practice, ---------------------- ▇▇▇▇ patients and Third Party Payor Programs and collect the fees for medical services rendered by the Practice regardless of when or where such services are rendered. All ▇▇▇▇▇▇▇▇ for Technical Employees' and Physician Employees' services shall be made in the name of and under the provider number of the Practice. The Practice hereby appoints MidSouth for the term hereof to be its true and lawful attorney-in-fact, for the following purposes: (i) to ▇▇▇▇ patients in the Practice's name and on its behalf; (ii) to collect Accounts Receivable resulting from billing in the Practice's name and on its behalf; (iii) to receive payments and prepayments from Third Party Payor Programs; (iv) to take possession of and endorse in the name of the Practice (and/or in the name of an individual physician, the payment intended for purpose of payment of a ▇▇▇▇) any notes, checks, money orders, insurance payments and other instruments received in payment of Accounts Receivable; and (v) at the direction of the Management Team to initiate the institution of legal proceedings in the name of the Practice to collect any Accounts Receivable and monies owed to the Practice, to enforce the rights of the Practice as creditors under any Contract or in connection with the rendering of any service, and to contest adjustments and denials by governmental agencies (or its fiscal intermediaries) as third party payors. All adjustments made for uncollectible accounts, professional courtesies and other activities that do not generate a collectible fee shall be performed in a reasonable and consistent manner approved by the Management Team.
Appears in 2 contracts
Sources: Management Services Agreement (Physician Health Corp), Management Services Agreement (Physician Health Corp)
Billing and Collecting. MidSouth shall, on behalf of the Practice, ---------------------- ------------------------ ▇▇▇▇ patients and Third Party Payor Programs and collect the fees for medical services rendered by the Practice regardless of when or where such services are rendered. All ▇▇▇▇▇▇▇▇ for Technical Employees' and Physician Employees' services shall be made in the name of and under the provider number of the Practice. The Practice hereby appoints MidSouth for the term hereof to be its true and lawful attorney-in-fact, for the following purposes: (i) to ▇▇▇▇ patients in the Practice's name and on its behalf; (ii) to collect Accounts Receivable resulting from billing in the Practice's name and on its behalf; (iii) to receive payments and prepayments from Third Party Payor Programs; (iv) to take possession of and endorse in the name of the Practice (and/or in the name of an individual physician, the payment intended for purpose of payment of a ▇▇▇▇) any notes, checks, money orders, insurance payments and other instruments received in payment of Accounts Receivable; and (v) at the direction of the Management Team to initiate the institution of legal proceedings in the name of the Practice to collect any Accounts Receivable and monies owed to the Practice, to enforce the rights of the Practice as creditors under any Contract or in connection with the rendering of any service, and to contest adjustments and denials by governmental agencies (or its fiscal intermediaries) as third party payors. All adjustments made for uncollectible accounts, professional courtesies and other activities that do not generate a collectible fee shall be performed in a reasonable and consistent manner approved by the Management Team.
Appears in 1 contract
Sources: Management Services Agreement (Physician Health Corp)