Professional Collections definition

Professional Collections means, for each Quarterly Measuring Period, an amount equal to Nineteen Percent (19%) of global collections, net of any refunds and overpayments, received by Employer from the provision of radiation oncology services at the Bonus Offices.
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Examples of Professional Collections in a sentence

  • For purposes of this Production Bonus, ▇▇▇ County Professional Collections shall be defined as twenty percent (20%) of Employer’s total collections, net of refunds and overpayments, received from radiation therapy services provided to patients at Employer’s ▇▇▇ County Centers, meaning Employer’s radiation therapy centers in ▇▇▇ County, Florida, as follows: · ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇.

  • For purposes of determining the Production Bonus, the Bonus Pool shall be defined as the ▇▇▇ County Professional Collections, adjusted in accordance with this Exhibit 1, in each three (3) month period beginning October 1, 2006, less the compensation of the physicians practicing at Employer’s ▇▇▇ County Centers other than compensation payable under the Program.

  • The OLH Entities shall each pay its proportionate share of such Professional Coding, Billing and Collection Fee based on the Net Professional Collections of the OLH Entities.

  • For purposes of this production bonus, East Coast Professional Collections shall be defined as twenty five percent (25%) of Employer’s total collections received from radiation therapy services provided to patients at Employer’s Florida East Coast Centers, meaning Employer’s radiation therapy centers in Broward and Dade counties, Florida and 100% of collections at such other facilities where Employer provides and collects for professional services only (currently Aventura and Palmetto Hospitals).

  • For purposes of determining the Production Bonus, the “Bonus Pool” shall be defined as eighty percent (80%) of the East Coast Professional Collections in each quarter (3 month period) beginning April 1, 2002 less the base salaries and benefits of the physicians practicing at Employer’s Florida East Coast Centers and the salaries and benefits of the personnel responsible for negotiating contracts with third party payors at those Centers.

  • For these purposes Practice Professional Collections shall mean fifteen percent (15.0%) of the net fees billed and collected by LLC for services provided to patients at LLC’s Practice.

Related to Professional Collections

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Principal Collections means Collections of Principal Receivables.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Costs of Collection Includes, without limitation, all attorneys' reasonable fees and reasonable out-of-pocket expenses incurred by the Lender's attorneys, and all reasonable out-of-pocket costs incurred by the Lender in the administration of the Liabilities and/or the Loan Documents, including, without limitation, reasonable costs and expenses associated with travel on behalf of the Lender, where such costs and expenses are directly or indirectly related to or in respect of the Lender's: administration and management of the Liabilities; negotiation, documentation, and amendment of any Loan Document; or efforts to preserve, protect, collect, or enforce the Collateral, the Liabilities, and/or the Lender's Rights and Remedies and/or any of the rights and remedies of the Lender against or in respect of any guarantor or other person liable in respect of the Liabilities (whether or not suit is instituted in connection with such efforts). The Costs of Collection are Liabilities, and at the Lender's option may bear interest at the then effective Base Margin Rate.