STATEMENT OF BACKGROUND INFORMATION. The Company renders to hospitals, physicians, and/or other healthcare organizations and providers: (a) billing services, accounts receivable management services, collection services, electronic claims services, financial management services, and practice and facilities management services; (b) eligibility verification and certification for Medicaid, Medicare and other healthcare assistance programs; (c) filing and other medical claims securitization services; (d) medical coverage information services; and (e) medical and insurance claims monitoring and tracking services (collectively the "Processing Business").
STATEMENT OF BACKGROUND INFORMATION. The Employee has been an officer and a key employee of the Company and the parties desire to ensure that the Employee's expertise, knowledge and experience will continue to be available to the Company in providing full-service dental benefits and offering network-based dental care, reduced fee-for-service, third party administration and dental practice management (the "Business").
STATEMENT OF BACKGROUND INFORMATION. The HMOCAP is created pursuant to Part IV of chapter 631, Florida Statutes for the purpose of protecting subscribers of HMOs, subject to certain limitations, against the failure of the HMO to perform its contractual obligations due to its insolvency. Akerman LLP desires to provide Plan Manager Services (the “Services”), as described in this Agreement, to the HMOCAP. The HMOCAP desires to engage the services of Akerman LLP for the Services. The parties desire to state their intentions with respect to such engagement in this Agreement.
STATEMENT OF BACKGROUND INFORMATION. A. The Executive currently serves as an officer of FLAG or of one of its wholly owned subsidiaries (the "Employer").
STATEMENT OF BACKGROUND INFORMATION. The Company, directly and through its direct and indirect subsidiary corporations (hereinafter, "Subsidiaries"), provides comprehensive business management outsourcing services to hospital-affiliated physician groups in the specialties of radiology, anesthesiology, emergency medicine and pathology, as well as physician groups practicing in academic settings and other large physician groups. Services include clinical data collection, data input, medical coding, billing, contract management, cash collections, accounts receivable management and extensive reporting of metrics related to the physician practice, plus physician practice management solutions delivered via an ASP model (collectively, the "Physician Solutions Business"). In addition, the Company and its Subsidiaries provide electronic clearinghouse services and point-of service systems for retail, mail order and managed care pharmacies. Services include real-time processing related to claims submission, eligibility verification, remittance advice, referral authorization, drug formulary and inventory management, as well as claim status and tracking, plus value-added transaction services and claims edits that perform financial and administrative reviews of pharmacy transactions (collectively, the "Pharmacy Solutions Business"). The Company and its Subsidiaries also provide revenue cycle and resource management solutions to hospitals. Revenue cycle management solutions include electronic processing of medical transactions as well as complementary transactions, such as electronic remittance advices, real-time eligibility verification and high-speed print and mail services, plus solutions to identify and manage charges denied reimbursement by payers; resource management solutions include enterprise-wide staff and patient scheduling software (collectively, the "Hospital Solutions Business") (the Physician Solutions Business, the Pharmacy Solutions Business and the Hospital Solutions Business are collectively referred to herein as the "Business").
STATEMENT OF BACKGROUND INFORMATION. The Company renders to hospitals, physicians, and/or other healthcare organizations and providers: (a) billing services, accounts receivable management services, collection services, electronic claims services, financial management services, and practice and facilities management services: (b) eligibility verification and certification for Medicaid, Medicare and other healthcare assistance programs; (c) filing and other medical claims securitization services; (d) medical coverage information services; and (e) medical and insurance claims monitoring and tracking services (collectively the "Processing Business"). The company also provides subrogation and related recovery services for healthcare payors, including health maintenance organizations, indemnity insurers, Blue Cross and Blue Shield organizations, third-party administrators, self-funded employee health welfare benefit plans, and provider hospital organizations (the "Subrogation Business"). The Company also: (a) develops, markets and licenses to hospitals, integrated healthcare delivery systems, and other healthcare providers and other end users (collectively "Providers"), (i) strategic, operational and financial information systems and services and decision support tools for healthcare providers, (ii) software systems which provide claims and reimbursement services and electronic claims processing, and (iii) software applications which assist Providers with automated scheduling and resource management (the items discussed in Sections (a)(i), (a)(ii) and (a)(iii) of this paragraph are referred to as "Systems"), which Systems include, but are not limited to, nurse scheduling and management information systems, operating room patient scheduling and surgery information systems, enterprise wide patient scheduling and resource management systems, enterprise-wide employee scheduling and management information systems and related software interfaces to other information systems; and (b) provides to Providers installation and support services related to the Company's Systems (the "Systems Business"). The Company also renders professional services with respect to the development of computer software, algorithms, design, documentation, and related materials, and the development, design, deployment, and operation of local and wide area computer networks, all in conjunction with the sale, design, deployment, operation and maintenance of custom computer processing systems for improvement of operational efficiency...
STATEMENT OF BACKGROUND INFORMATION. A. Executive has been employed as Executive Vice President/Sales and Marketing of the Company at the Company's offices in New York, New York, and the Company and Executive are parties to an Employment Agreement dated as of July 1, 2000 (the "Employment Agreement").
STATEMENT OF BACKGROUND INFORMATION. The Company provides recovery services for healthcare payors and assists healthcare payors in recovering the cost or reasonable value of healthcare benefits provided to persons who are injured under circumstances where a third party is ultimately responsible for such healthcare benefits (the "Business"); The Company desires to employ Employee in an executive position, and Employee desires to accept such employment.
STATEMENT OF BACKGROUND INFORMATION. A. The Executive currently serves as an officer of the Employer or of one of its wholly owned subsidiaries.
STATEMENT OF BACKGROUND INFORMATION. The Company provides subrogation and related recovery services for healthcare payors (the "Business"), including health maintenance organizations, indemnity insurers, Blue Cross and Blue Shield organizations, third-party administrators, self-funded employee health welfare benefit plans, and provider hospital organizations. The Company's services consist of assisting healthcare payors to recover the cost or reasonable value of healthcare benefits provided to insureds who are injured under circumstances where a third party, typically a property or casualty insurer of an individual, is ultimately responsible for such healthcare benefits. The Board of Directors (the "Board") has determined that it would be in the best interest of the Company and its stockholders if Employee were employed by the Company for a term of three years. Employee acknowledges the Company's ownership of its goodwill, and the necessity of the restrictive covenants contained in this Agreement to protect the Company's interest in such material asset.
