Common use of Group Practice Clause in Contracts

Group Practice. If the Practice consists of two or more physicians, the Practice represents and warrants that the Practice meets the definition of a "Group Practice" under 42 USC Section 1395nn and any applicable state laws. For purposes of 42 USC Section 1395nn, the Practice specifically represents and warrants that the Practice is a group of two or more legally organized physicians and during the term of this Agreement (i) each Practice physician shall furnish substantially the full range of his or her services through the use of shared office space, (ii) substantially all of the services of Practice physicians shall be furnished through the Practice and billed in the name of the Practice, (iii) the Practice shall allocate costs and expenses and distribute income generated by Practice physicians in accordance with predetermined methodologies, and (iv) the Practice physicians shall personally conduct no less than seventy-five percent (75%) of the physician-patient encounters of the Practice.