Resident Payments definition
Examples of Resident Payments in a sentence
For all residents who have an account as of the Closing Date that have a balance owed of 30 days or less on the Aging Reports, any Resident Payments that are received from any source other than a Medicare and Medicaid recipient shall be applied 50% to Purchaser and 50% to Seller.
If any Resident Payments are received directly from any Third Party Payor and are accompanied by remittance advice, such Resident Payments shall be applied to the outstanding balance corresponding to such remittance advice.