Medicare Receivables definition

Medicare Receivables means receivables that the Debtor was owed by the

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Medicare Receivables means those Eligible Accounts of which the Account debtor is a governmental authority or any agency thereof and which are governed by the United States Social Security Act, as amended, and/or the Texas Human Resources Act, as amended, and which such Eligible Accounts are not subject to the Federal Assignment of Claims Act or of a type which applicable federal or Texas law prohibits the taking of a security interest therein.

Medicare Receivables means receivables that Debtor was owed by the Federal

Examples of Medicare Receivables in a sentence

Notwithstanding anything to the contrary in Section 2.1(a), the aggregate amount of Eligible IPM Receivables comprised of Medicare Receivables, Medicaid Receivables and TRICARE/CHAMPUS Receivables shall not exceed $7,500,000 after application of the applicable Advance Rate.
Notwithstanding any provision in the Loan Agreement to the contrary, Borrower shall establish and maintain its Operating Account and Medicare Receivables Account with Bank during the term hereof.
If any Accounts Receivable (except for Excluded Medicare Receivables) included in the Closing Date Net Working Capital Schedule have not been collected within eighteen (18) months of the Closing Date, Seller shall indemnify Buyer and pay to Buyer the face amount of all such uncollected Accounts Receivable, net of the reserves for discounts, allowances and bad debt reflected on the Closing Date Net Working Capital Schedule, and subject in any event to the limitations set forth in Sections 9.5(a) and (b).
The LLC further appoints Doctors Health as its attorney in fact and agent, to collect such Medicare Receivables that Doctors Health deems uncollectible.
The LLC hereby appoints Doctors Health as its agent and attorney-in-fact for the collection of the Medicare Receivables.
Buyer shall promptly remit to Seller any payments it may receive that constitute payments of the Excluded Receivables except payments it may receive which constitute payments with respect to the Medicare Receivables that Seller is obligated to pay to Buyer pursuant to the Medicare Reconciliation Note.
Seller also shall promptly remit to Buyer any payments it may receive which constitute payments with respect to the Medicare Receivables that Seller is obligated to pay to Buyer pursuant to the Medicare Reconciliation Note.
The original principal balance of the Medicare Reconciliation Note will be an amount equal to the book value of the Medicare Receivables, net of the allowance for doubtful accounts and contractual adjustments related thereto, all as reflected on the Interim Balance Sheet.
Collections shall be deemed to include Proceeds of Collateral, in any form received by Bank pursuant to a Lockbox Agreement, or deposited in a Collateral Reserve Account or an Operating Account or a Medicare Receivables Account or other account maintained with Bank, or any other account maintained for the benefit of Bank, such as a blocked account, which Collections shall be the exclusive and sole property of Bank to the extent applied to the outstanding balance of the Line of Credit.
If applicable, that agreement between Bank and Borrower whereby Borrower agrees that all remittances in payment of Accounts shall be deposited in its designated Collateral Reserve Account, Operating Account, or Medicare Receivables Account, as applicable, and shall be administered and applied in accordance with the ABL Credit Line Sweep Services Agreement.

More Definitions of Medicare Receivables

Medicare Receivables means any and all Receivables due from Medicare, Medicaid or CHAMPUS, (excluding Cost Report Receivables) or any other Receivable, the assignment of which is either prohibited by Law or by the terms of any contract with a Payor, and including all deductibles and co-insurance payments receivable from the patient or other Payor.

Medicare Receivables. Receivables of which the obligor is the United States or any of its states and which arises out of changes reimbursable to the Borrower or any of its Subsidiaries under Medicare.