Common use of IPS Clause in Contracts

IPS. CMO shall provide practice management services by contract to IPs. An IP is a physician who has his/her own office, overhead and staff. IPs will receive patient referrals from CMO, but they will also have their own patient referral base. CMO will provide medical billing, physician quality assessment and review, marketing to patient groups, marketing to insurance companies for access to provider contracts, and referrals from APs or other sources. The fee to CMO from IPs will be 20% of gross collected ▇▇▇▇▇▇▇▇, with a 5% quarterly rebate to IP based upon achieving quality goals. An IP contract is attached as Exhibit A. FRANCHISER shall provide CMO with the IP contracts.

IPS. CMO shall provide practice management services by contract to IPs. An IP is a physician who has his/her own office, overhead and staff. IPs will receive patient referrals from CMO, but they will also have their own patient referral base. CMO will provide medical billing, physician quality assessment and review, marketing to patient groups, marketing to insurance companies for access to provider contracts, and referrals from APs or other sources. The fee to CMO from IPs will be 20% of gross collected ▇▇▇▇▇▇▇▇, with a 5% quarterly rebate to IP based upon achieving quality goals. An IP contract is attached as Exhibit A. FRANCHISER FRANCHISOR shall provide CMO with the IP contracts.