Common use of Billing and Collection Clause in Contracts

Billing and Collection. (a) The Medical Group hereby irrevocably designates and appoints the Management Company to be the agent of the Medical Group during the Term, to perform the following duties and for those purposes incidental thereto: (i) to xxxx patients and third party payors in the Medical Group's name and on its behalf; (ii) to collect accounts receivable resulting from such billing; (iii) to receive payments and prepayments from the Medical Group's patients, Blue Cross and Blue Shield organizations, insurance companies, health care plans, Medicare, Medicaid, HMO's and any and all other third party payors; (iv) to take possession of and deposit into such bank (the "Medical Group Bank") as the Medical Group designates, in an account established by the Medical Group in the name of the Medical Group (the "Medical Group Collections Account"), any and all checks, insurance payments, cash, cash equivalents and other instruments received for Medical Group Services; and (v) to initiate with the consent of the Medical Group, which consent may be withheld by the Medical Group in its sole and absolute discretion, legal proceedings in the name of the Medical Group to collect any accounts and monies owed to the Medical Group, to enforce the rights of the Medical Group as a creditor 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. The Management Company, in its capacity as agent pursuant to this paragraph, shall not have any duties or responsibilities except those expressly set forth in clauses (i) through (v) above. Following termination of this Agreement, the Management Company shall continue to use reasonable efforts to collect the accounts receivable of the Medical Group as of such termination date for a period of ninety (90) days thereafter.

Billing and Collection. (a) The Medical Group hereby irrevocably designates and appoints acknowledges that ownership of all Accounts (as hereinafter defined) is transferred by the Medical Group to the Management Company as provided in greater detail in Section 4.1 of this Agreement. In order to be facilitate the agent collection of the Medical Group during Accounts, the Term, to perform the following duties and for those purposes incidental thereto: Management Company shall (i) to xxxx patients and third party payors in the Medical Group's name and on its behalfname; (ii) to collect accounts receivable resulting from such billing; (iii) to receive payments and prepayments from the Medical Group's patients, Blue Cross and Blue Shield organizations, insurance companies, health care plans, Medicare, Medicaid, HMO's HMOs, and any and all other third party payors; (iv) to take possession of and deposit into such bank (the "Medical Group Bank") as the Medical Group designates, in an account established by the Medical Group in the name of the Medical Group (the "Medical Group Collections Account"), any and all checks, insurance payments, cash, cash equivalents and other instruments received for Medical Group Services; and (v) to initiate with the consent of the Medical Group, which consent may be withheld by the Medical Group in its sole and absolute discretion, legal proceedings in the name of the Medical Group to collect any accounts Accounts and monies owed to the Medical Group, to enforce the rights of the Medical Group as a creditor under any contract or in connection with the rendering of any service, and to contest adjustments and denials by governmental agencies (or its their fiscal intermediaries) as third-party payors. The Management Company, in its capacity as agent pursuant Medical Group shall promptly turn over to this paragraph, shall not have any duties or responsibilities except those expressly set forth in clauses (i) through (v) above. Following termination of this Agreement, the Management Company shall continue to use reasonable efforts to collect the accounts receivable of for deposit into the Medical Group as Collections Account in accordance with this Agreement all checks and other payments received by the Medical Group or by any of such termination date its partners, equity owners or employees from any patient or third party payor for a period of ninety (90) days thereafterMedical Group Services rendered during the Term.

Billing and Collection. (a) Ownership of all accounts receivable (other than those accrued as of the Effective Date) and other rights to payment arising from the provision by the Medical Group of Medical Group Services and related services to the general public during the Term (the "Accounts") will at all times remain the sole and exclusive property of the Medical Group. The Medical Group hereby irrevocably designates and appoints the Management Company as its true and lawful attorney-in-fact for the purposes described in this section for the term of this Agreement. The Management Company will create and maintain a depository account in the name of Medical Group with a banking institution selected by the Management Company (the "Medical Group Collections Account"). The Medical Group authorizes the Management Company to be make withdrawals from the agent Medical Group Collections Account, including withdrawals for payment of the Management Fee. If necessary, additional accounts in the names of the Medical Group during Physicians may be created for the Termpurpose of collecting payments in compliance with Medicare and Medicaid law. The Medical Group grants the Management Company, as its attorney-in-fact, the right to perform the following duties and for those purposes incidental thereto: (i) to xxxx patients and third party payors in the Medical Group's name and on its behalfname; (ii) to collect accounts receivable resulting from such billing; (iii) to receive payments and prepayments from the Medical Group's patients, Blue Cross and Blue Shield organizations, insurance companies, health care plans, Medicare, Medicaid, HMO's and any and all other third party payorspayors (including but not limited to insurers, self-insured employers and government programs); (iv) to take possession of and deposit into such bank (the "Medical Group Bank") as the Medical Group designatesof, in an account established by the Medical Group endorse in the name of the Medical Group (Group, and deposit into the "Medical Group Collections Account"), Account any and all checks, insurance payments, cash, cash equivalents and other instruments received for Medical Group Services; and (v) to make payments for accounts payable on behalf of the Medical Group, including payment of the Management Fee; and (vi) initiate with the consent of the Medical Group, which consent may be withheld by the Medical Group in its sole and absolute discretion, legal proceedings in the name of the Medical Group to collect any accounts Accounts and monies owed to the Medical Group, to enforce the rights of the Medical Group as a creditor under any contract or in connection with the rendering of any service, and to contest adjustments and denials by governmental agencies (or its their fiscal intermediaries) as third-party payors. The Management Company, in its capacity as agent pursuant Medical Group will immediately forward to this paragraph, shall not have any duties or responsibilities except those expressly set forth in clauses (i) through (v) above. Following termination of this Agreement, the Management Company shall continue to use reasonable efforts to collect the accounts receivable of for deposit into the Medical Group as Collections Account all checks and other payments received by the Medical Group or by any of such termination date its partners, equity owners or employees from any patient or third party payor for a period of ninety (90) days thereafterMedical Group Services rendered during the Term.

Billing and Collection. (a) The Ownership of all Accounts (as hereinafter defined) shall at all times remain the sole and exclusive property of the Medical Group hereby irrevocably designates and appoints Group. In order to facilitate the collection of the Accounts, the Management Company shall continue to be the agent of the Medical Group during the Term, to perform the following duties and for those purposes incidental thereto: (i) to xxxx patients and third party payors in the Medical Group's name and on its behalfname; (ii) to collect accounts receivable resulting from such billing; (iii) to receive payments and prepayments from the Medical Group's patients, Blue Cross and Blue Shield organizations, insurance companies, health care plans, Medicare, Medicaid, HMO's HMOs, and any and all other third party payors; (iv) to take possession of and deposit into such bank (the "Medical Group Bank") as the Medical Group designates, in an account established by the Medical Group in the name of the Medical Group (the "Medical Group Collections Account"), any and all checks, insurance payments, cash, cash equivalents and other instruments received for Medical Group Services; and (v) to initiate with the consent of the Medical Group, which consent may be withheld by the Medical Group in its sole and absolute discretion, legal proceedings in the name of the Medical Group to collect any accounts Accounts and monies owed to the Medical Group, to enforce the rights of the Medical Group as a creditor under any contract or in connection with the rendering of any service, and to contest adjustments and denials by governmental agencies (or its their fiscal intermediaries) as third-party payors. The Management Company, in its capacity as agent pursuant Medical Group shall promptly turn over to this paragraph, shall not have any duties or responsibilities except those expressly set forth in clauses (i) through (v) above. Following termination of this Agreement, the Management Company shall continue to use reasonable efforts to collect the accounts receivable of for deposit into the Medical Group as Collections Account in accordance with this Agreement all checks and other payments received by the Medical Group or by any of such termination date its stockholders or employees from any patient or third party payor for a period of ninety (90) days thereafterMedical Group Services rendered during the Term.