NET PRACTICE definition
NET PRACTICE. REVENUES. The term "Net Practice Revenues" shall mean all revenues, computed on an accrual basis as defined by GAAP, (after taking into account adjustments for uncollectible accounts, discounts, Medicare, Medicaid, workers' compensation, professional courtesy discounts and other write-offs) generated by or on behalf of Practice or its employees as a result of professional medical services furnished to patients, and other fees or income generated by such persons in their capacity as Physician Shareholders, Practice Employees and employees of Practice, whether rendered in an inpatient or outpatient setting and whether generated from health maintenance organizations, preferred provider organizations, Medicare, Medicaid or rendered to other patients, including, but not limited to, payments received under any capitation arrangement. The term "Net Practice Revenues" shall also include any ancillary services revenues for services provided at the Medical Offices.
NET PRACTICE. REVENUES" means, for any fiscal period, (i) all revenues recognized by or on behalf of the Practice or any of its Practice Employees, including New Practice Employees, as a result of professional medical services furnished to patients, ancillary services furnished to patients, pharmaceuticals and other items and supplies sold to patients; (ii) revenues received by the Practice from the purchase of its accounts receivable by PHC-SUB as provided in Section 7 hereof; and (iii) other fees or income received by the --------- Practice or its Practice Employees in their capacity as Practice Employees, whether rendered in an inpatient or outpatient setting and whether rendered to health maintenance organizations, preferred provider organizations, Medicare, Medicaid or other patients, including, but not limited to, payments received under any capitation arrangement (including, without limitation, monthly capitation payments, bonus payments, risk pool payments, etc.
NET PRACTICE. REVENUES. The term "Net Practice Revenues" shall mean all revenues, computed on an accrual basis as defined by GAAP, (after taking into account adjustments for uncollectible accounts, discounts, contractual allowances, Medicare, Medicaid, CHAMPUS, workers' compensation, professional courtesy discounts and other write-offs) generated by or on behalf of Practice or its employees as a result of professional medical services furnished to patients, and other fees or income generated by such persons in their capacity as Physician Shareholders, Practice Employees and employees of Practice, whether rendered in an inpatient or outpatient setting and whether generated from health maintenance organizations, preferred provider organizations, Medicare, Medicaid or rendered to other patients, including, but not limited to, payments received under any capitation or risk withhold arrangements. The term "Net Practice Revenues" shall also include any ancillary services (e.g., hearing aids) revenues for services provided at the Medical Offices.