Common use of Audits Regarding Vendor Contracts Clause in Contracts

Audits Regarding Vendor Contracts. To the extent permitted under HIPAA, from Immediately after the Distribution Date through September 30, 2004, Parent and ElderCare and their duly authorized representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the Parent Health and Welfare Plans and the ElderCare Health and Welfare Plans. The scope of such audits shall encompass the review of all correspondence, account records, claim forms, canceled drafts (unless retained by the bank), provider bills, medical records submitted with claims, billing corrections, vendor's internal corrections of previous errors and any other documents or instruments relating to the services performed by the vendor under the applicable vendor contracts. Parent and ElderCare shall agree on the performance standards, audit methodology, auditing policy and quality measures and reporting requirements relating to the audits described in this Section 7.6 and the manner in which costs incurred in connection with such audits will be shared.

Appears in 4 contracts

Samples: Employee Benefits Agreement (Neighborcare Inc), Employee Benefits Agreement (Genesis Healthcare Corp), Employee Benefits Agreement (Genesis Healthcare Corp)

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