INVOICING, FEES AND PAYMENT. 5a) Fees and costs will be negotiated and agreed before the commission takes place.
INVOICING, FEES AND PAYMENT. For Quarterly Platform Fees, CareRev shall invoice Facility at the beginning of each quarter. Facility agrees to pay Platform Fees within thirty (30) days. Platform fees past due sixty (60) days and over may result in service disruptions and late payment penalties as discussed below in this section. For CareRev Professionals, CareRev shall invoice Facility weekly for the cost of undisputed scheduled and unscheduled hours, any cancellation compensation, and the CareRev Fee as defined in Annex 1. Facility agrees to pay such invoices within 30 days of the invoice date via electronic check, ACH and/or wire transfer. CareRev agrees to offer a one percent (1%) Prompt Payment Discount for invoices fully paid via ACH or wire transfer within 15 days of the invoice date so long as Facility has no invoices past due 60 days or greater or made firm arrangements to settle any late payments. The balance of any invoice over sixty (60) days past due will be subject to a late fee of up to one-and-one-half percent (1.5%) of the total outstanding balance of each past due invoice accrued at the last day of each and every month an invoice remains in arrears. Suspension or restriction of services may occur if, in CareRev's opinion, Facility has not entered into an agreed upon payment plan to bring past due payments current when past due invoices are at or in excess of thirty (30) days past due, or if the total overdue balance exceeds $10,000. If Facility has disputed the accuracy of any reported hours worked or any invoice for such hours, Facility may withhold payment of the disputed portion of the disputed invoice, and such payment will not be considered past due during investigation of the dispute. Facility and CareRev agree to make all commercially reasonable efforts to resolve any dispute within ten (10) calendar days, and CareRev shall make any adjustments to the mutually agreed upon amount due mutually agreed to by Facility and CareRev. If Facility and CareRev are unable to resolve the dispute within this period, Facility and CareRev agree to resolve the dispute pursuant to the provisions in Section 12. Facility agrees that it shall not collect, or attempt to collect, any remuneration of any kind from the CareRev Professionals to reimburse or compensate Facility for any costs related to this Agreement. CareRev shall be responsible for all taxes attributable to the compensation paid to it under this Agreement. Because CareRev is an independent contractor, Facility will not ...
