Common use of Collections Liability Clause in Contracts

Collections Liability. In accordance with its collections policy, Operator shall take, on behalf of the Board, all reasonable measures to pursue collections on all goods and services provided by Operator, including those billed to Medicare, Medicaid, private insurance, or any other third-party payment arrangement. Operator, in accordance with its admissions and collections policy, shall promptly and diligently (but no later than 60 days from the date the last payment was received for any Resident account) pursue all collections on any Residents’ unpaid balances due to the Board for the care provided from any payor source. If Operator is unable to collect unpaid balances from Residents from whom there is inadequate collection or no reasonable assurance of collection, Operator must initiate an involuntary discharge with respect to such Residents in accordance with its approved admissions and/or collections policy, state and federal law. Operator understands and acknowledges that repeated failure to comply with this subsection without prior approval by the Board shall constitute an Event of Default in accordance with Section 9.02(a), subject to the notice and cure provisions thereof.

Collections Liability. In accordance with its collections policy, Operator shall take, on behalf of the Board, all reasonable measures to pursue collections on all goods and services provided by Operator, including those billed to Medicare, Medicaid, private insurance, or any other third-party payment arrangement. Operator, in accordance with its admissions and collections policy, shall promptly and diligently (but no later than 60 days from the date the last payment was received for any Resident account) pursue all collections on any Residents’ unpaid balances due to the Board for the care provided from any payor source. If Operator is unable to collect unpaid balances from Residents from whom there is inadequate collection or no reasonable assurance of collection, Operator must initiate an involuntary discharge with respect to such Residents residents in accordance with its approved admissions and/or collections policy, state and federal law. Operator understands and acknowledges that repeated failure to comply with this subsection without prior approval by the Board shall constitute an Event of Default in accordance with Section 9.02(a), subject to the notice and cure provisions thereof) of this Agreement.