Client acknowledges Sample Clauses
The "Client acknowledges" clause serves to formally record that the client has read, understood, and accepted specific facts, disclosures, or terms presented in the agreement. In practice, this clause may be used to confirm that the client is aware of certain risks, has received required information, or understands the limitations of services provided. Its core function is to provide evidence that the client was informed about key aspects of the contract, thereby reducing the risk of future disputes over whether the client was adequately notified or understood important details.
POPULAR SAMPLE Copied 2 times
Client acknowledges. PTC’s requirement that fees due from Client for all Services provided by PTC under the Agreement and in these terms and conditions for the ACH Service shall be collected using a single payment method. Therefore, Client hereby authorizes PTC to debit Client’s Client Receiving Account for all fees due to PTC for the Services provided under the Agreement, including without limitation the ACH Service, in the amount indicated in the applicable invoice. If the balance in Client’s Client Receiving Account is insufficient to cover the amount billed in the invoice, PTC may invoice Client, and Client will promptly pay to PTC the amount shown on such invoice upon receipt of the invoice. If any invoice is not paid when due, Client will pay an additional charge equal to the lesser of 1.5% per month or the maximum rate allowed by law on the unpaid balance. Client shall be responsible to pay any federal, state or local taxes applicable to the ACH Service used by Client exclusive of taxes based on the net income of PTC. Any renewal of Client ACH Service is subject to PTC’s then-current terms and conditions, including, but not limited to, successful completion of any applicable authentication procedure, and payment of all applicable service fees at the time of renewal. Client is solely responsible for the credit card or Automated Clearinghouse (“ACH”) account information it provides to PTC and must promptly inform PTC of any changes thereto (e.g., change of expiration date or account number). All payments shall be made in U.S. dollars. If PTC does issue a refund, it will only be via the same payment method used by Client to pay for the Services. All fees owed by Client to third parties (for example, Financial Institutions, Financial Processors and client account providers), are Client’s sole responsibility and are not covered by this Agreement.
Client acknowledges i. The ultimate responsibility for all claims submitted is that of Client, and Client shall remain solely responsible for subsequent correction, adjustment, or repayment of any payment regardless of reason or cause
ii. Client shall be solely responsible for any consequences associated with submission of false, fraudulent or misleading data, information, or statements to its patients, the governmental and / or commercial third-party payers in connection with health insurance coding, billing and claimssubmission
iii. Client shall indemnify, defend and hold CGM and its owners, directors, and employees harmless from and against any claims submitted on behalf of and/or in the name of Client for which Client has provided CGM false, fraudulent, incomplete, misleading, or otherwise incorrect information or data, including but not limited to, the coding of claims pursuant to Section 2above
iv. Client shall be solely responsible for maintaining all original source documents to enable it to verify and document the claims submitted to third-party payers (whether such claims are submitted in paper or electronic form)
v. CGM will rely on patients’ demographic information in providing its billing services, and that the timing and amount of net collections generated are affected by the completeness, timeliness and accuracy of that demographic information and other variables, some of which are beyond the control of CGM
vi. Client shall provide CGM with records and information in a standard report format reflecting its current monthly collections statistics before “going live”
vii. Complying with electronic remittance advices (ERA) policy posting; manual posting will only be used when ERA posting is not provided by third party insurance carriers
viii. Complying with electronic/ACH policy; manual deposits will only be used when electronic/ACH depositing of funds is not provided by third party insurance carriers, vendors or other means
ix. CGM does not provide back-up systems against loss of electronic records or insurance coverage against risk of loss due to loss of electronic records