Healthcare Receivables definition

Healthcare Receivables means all accounts receivable billed to Obligors representing amounts due and owing to the Provider arising from the prospective (with respect to Governmental Receivables, solely as contemplated by the CMS in the rules and regulations governing the prospective payment system for healthcare providers or similar governmental programs or regulations), or actual (i) sale, rental or lease of durable health care goods (including, without limitation, medical equipment), or (ii) the provision of medical services (and services and sales ancillary thereto), including all rights and remedies of the Provider relating thereto, together with any and all proceeds in any way derived, directly or indirectly, therefrom; provided, however, that “Healthcare Receivable” shall not include claims arising under any workers’ compensation statutes.
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Healthcare Receivables means, collectively, (a) all Government Receivables, (b) all Health-Care-Insurance Receivables and (c) all other Accounts to the extent that the same arise out of healthcare goods or services, excluding however any Management Receivables and any Accounts of which the Account Debtor is not a Third Party Payor or a Patient arising out of goods or services provided in connection with the operation of any independent living apartments or congregate care community or assisted living community, or in connection with pharmacy services.
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Healthcare Receivables means, with respect to each Health Care Client, the patient accounts existing or hereafter created on the records of such Health Care Client, any and all rights to receive payments due on such accounts from any Healthcare Insurer or Healthcare Obligor under or in respect of such account and all proceeds in any way derived, whether directly or indirectly, from any of the foregoing.
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Examples of Healthcare Receivables in a sentence

  • Under the terms of the Servicing Agreement, the Servicer shall act as the agent of the Provider, shall service the Healthcare Receivables in accordance with the directions of the Provider and shall, as agent of the Provider, disburse proceeds of the Healthcare Receivables as directed by the Provider under the Servicing Agreement.

  • FURTHERMORE, IT IS EXPRESSLY AGREED THAT IN THE EVENT ANY MATTER RELATING TO THIS AGREEMENT RESULTS IN THE INSTITUTION OF LEGAL PROCEEDINGS, THE PREVAILING PARTY IN SUCH LEGAL PROCEEDING MAY ONLY RECOVER THE ACTUAL DAMAGES, AND NOT ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES, SUCH PREVAILING PARTY MAY SUFFER OR INCUR AS A RESULT OF THE NON-PREVAILING PARTY'S DEFAULT HEREUNDER.

  • Healthcare Receivables will be serviced by the Servicer pursuant to the terms and conditions of the Servicing Agreement.

  • Both the Healthcare Receivables Purchase and Transfer Agreement and the Loan and Security Agreement contain representations and warranties, affirmative and negative covenants (including financial covenants), events of default and events of termination that are typical in transactions of this nature.

  • Promptly upon request by Lender, Borrower shall deliver to Lender copies of invoices or invoice registers related to all of its Healthcare Receivables.

  • Lender may rely, in determining which Healthcare Receivables are Eligible Accounts, on all statements and representations made by Borrower with respect to any Healthcare Receivable.

  • The amount calculated by dividing (A) 365 by (B) the result achieved by dividing (i) the product of the aggregate of all collections received in the Lockbox Accounts during each Test Period with respect to all of Borrower’s Healthcare Receivables, multiplied by 4, by (ii) the outstanding principal balance of the Revolving Facility as of the last Business Day of such Test Period, shall not be greater than 25.

  • In addition, if Healthcare Receivables in an aggregate face amount in excess of $100,000 cease to be Eligible Accounts in whole or in part, Borrower shall notify Lender of such occurrence promptly (and in any event within 2 Business Days) after Borrower's having obtained knowledge of such occurrence and the Borrowing Base shall thereupon be adjusted to reflect such occurrence.

  • Borrower shall also provide to Lender on or before the 30th day of each month, a detailed aged trial balance of all Healthcare Receivables existing as of the last day of the preceding month ("Schedule of Accounts"), and, upon Lender's request therefor, a copy of all documents, including repayment histories and present status reports relating to the Healthcare Receivables so scheduled and such other matters and information relating to the status of then existing Accounts as Lender shall reasonably request.

  • Under the Healthcare Receivables Purchase and Transfer Agreement, the Company sells and contributes all of its healthcare accounts receivables and related items to the Funding Corp.


More Definitions of Healthcare Receivables

Healthcare Receivables means, with respect to each Client, the patient accounts existing or hereafter created on the records of such Client, any and all rights to receive payments due on such accounts from any Third Party Obligor under or in respect of such account and all proceeds in any way derived, whether directly or indirectly, from any of the foregoing.
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Related to Healthcare Receivables

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility and/or any other healthcare facility authorized to receive insured mortgage financing pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Healthcare services means services or goods provided for

  • Healthcare shall have the meaning set forth in the introductory paragraph hereof.

  • Centers for Medicare and Medicaid Services or “CMS” means the federal office under the Secretary of the United States Department of Health and Human Services, responsible for the Medicare and Medicaid programs.

  • Healthcare provider means any person or entity including a hospital, physician or a network of providers that provided healthcare services and/or treatments to or on behalf of a Settlement Program Claimant.

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.

  • Receivables Transfer Agreement means, collectively or individually, the Originator Receivables Transfer Agreement and the Master Trust Receivables Transfer Agreement, as the context may require.

  • Nursing care means the practice of nursing as governed by ORS chapter 678 and OAR chapter 851.

  • Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer of encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

  • Receivables and Related Assets means Receivables and any instruments, documents, chattel paper, obligations, general intangibles and other similar assets, in each case, relating to such Receivables.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Skilled Nursing Care means services requiring the skill, training or supervision of licensed nursing personnel.

  • Portfolio Companies means any Person in which any Fund owns or has made, directly or indirectly, an investment.

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Receivables Records means (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable.