Cost Report Matters Sample Clauses

Cost Report Matters. Sellers, at their expense, shall prepare and timely file all terminating and other cost reports required or permitted by law to be filed under the Medicare and Medicaid or other third party payor programs and the State Health Agency for periods ending on or prior to the Effective Time, or as a result of the consummation of the transactions described herein (“Seller Cost Reports”). For cost reporting periods ending after the Effective Time, Buyer agrees to include a separate and distinct listing of allowable Medicare bad debts with dates of service on or prior to the Effective Time provided by Sellers within ninety (90) days of the cost report year end which have been deemed uncollectible after the Effective Time, and on which Buyer agrees to request a distinct sample and audit for processing of the NPR. Sellers agree to provide any and all supporting documentation to Buyer during any audits by the Medicare Administrative Contactor (MAC), and Sellers will also provide a determination to Buyer of the final audited allowed Medicare bad debts by the MAC before finalization of the NPR. Buyer agrees to remit the net allowed and settled Medicare bad debts of Sellers within five (5) business days of the NPR date of each impact annual cost report. Buyer shall forward to Sellers any and all correspondence relating to the Seller Cost Reports within five (5) business days after receipt by Buyer. Buyer shall remit any receipts of funds relating to the Seller Cost Reports within five (5) business days after receipt by Buyer and shall forward to Sellers any demand for payments within three (3) business days after receipt by Buyer. Sellers shall retain all rights to the Seller Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports. Such rights shall include the right to appeal any Medicare or Medicaid determinations relating to the Seller Cost Reports. Sellers shall retain the originals of the Seller Cost Reports, correspondence, work papers and other documents relating to the Seller Cost Reports. Sellers will furnish copies of such cost reports to Buyer at least five (5) business days prior to filing.
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Cost Report Matters. (a) Purchaser shall forward to the Seller Representative any and all correspondence received by Purchaser relating to the Seller Cost Reports or rights to settlements and retroactive adjustments on Seller Cost Reports (“Agency Settlements”), within ten (10) business days of receipt by Purchaser. Purchaser shall not reply to any such correspondence without the Seller Representative’s written approval. Within ten (10) business days after receipt by Purchaser, Purchaser shall remit or forward to the Seller Representative any receipts relating to the Seller Cost Reports or the Agency Settlements and any demand for payments. Sellers shall retain all rights to Seller Cost Reports including any payables resulting therefrom or receivables relating thereto and the right to appeal any Medicare determinations relating to the Agency Settlements and Seller Cost Reports. (b) Upon reasonable notice and during normal business office hours, Purchaser will cooperate with Sellers in regard to (i) the preparation, filing, handling, and appeals of Seller Cost Reports, and (ii) any cost report disputes and/or other claim adjudication matters relative to governmental program reimbursement. Such cooperation shall include the providing of statistics and obtaining files at the Facilities and the coordination with the Seller Representative pursuant to adequate notice of Medicare and Medicaid exit conferences or meetings.
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Cost Report Matters. 54 ARTICLE 14 MISCELLANEOUS PROVISIONS 14.1.... Further Assurances and Cooperation.................................................................................. 55 14.2.... Successors and Assigns...................................................................................................... 55
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Cost Report Matters. Sellers, at their expense, shall prepare and timely file all terminating and other cost reports required or permitted by law to be filed under the Medicare and Medicaid or other third party payor programs for periods ending on or prior to the Effective Time, or as a result of the consummation of the transactions described herein (“Seller Cost Reports”). Buyer shall forward to Sellers any and all correspondence relating to the Seller Cost Reports within five (5) business days after receipt by Buyer. Buyer shall remit any receipts of funds relating to the Seller Cost Reports promptly after receipt by Buyer and shall forward to Sellers any demand for payments within three (3) business days after receipt by Buyer. Sellers shall retain all rights to the Seller Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports. Such rights shall include the right to appeal any Medicare or Medicaid determinations relating to the Seller Cost Reports. Sellers shall retain the originals of the Seller Cost Reports, correspondence, work papers and other documents relating to the Seller Cost Reports. Sellers will furnish copies of such cost reports to Buyer at least five (5) business days prior to filing.
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Cost Report Matters. (a) The Seller shall prepare and timely file all Cost Reports with respect to the Transferred Facilities relating to the periods ending on or prior to the applicable Closing Dates, including those relating to Medicare and other third-party payors that settle on a cost basis (the “Seller Cost Reports”), including all termination Cost Reports with respect to the Transferred Facility relating to the periods ending prior to Closing Date (“Termination Cost Reports”). The Termination Cost Reports shall be filed by the Seller in a manner consistent with (i) prior Cost Reports filed by the Seller with respect to the Transferred Facility, and (ii) applicable Law. At least ten (10) Business Days prior to the filing of any Seller Cost Reports or Termination Cost Reports, the Seller shall forward them to the Purchaser for its review. The Purchaser shall provide any comments to such Seller Cost Reports and Termination Cost Reports within five (5) Business Days of receipt of such Seller Cost Reports or Termination Cost Reports. The Purchaser shall forward to the Seller any and all correspondence that it may receive relating to the Seller Cost Reports or Termination Cost Report or rights to settlements and retroactive adjustments on the Seller Cost Reports or Termination Cost Reports (“Agency Settlements”)
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Cost Report Matters. Upon reasonable notice and during normal business office hours, Purchaser will reasonably cooperate with and timely pay or reimburse Seller any and all documented, third-party out of pocket expenses in regard to the preparation, filing, handling, disputes and appeals of any cost reports and/or other claims adjudications matters relative to governmental program reimbursement of Seller relating to periods ending prior to the Effective Time (the “Seller Cost Reports”). Such cooperation shall include the providing of statistics and obtaining files at the Seller Businesses and the coordination with Seller pursuant to adequate notice of Medicare and Medi-Cal exit conferences or meetings. Purchaser will, upon reasonable notice, during normal business office hours, and subject to applicable law regarding confidentiality of patient records, provide Seller reasonable access to all records of the Seller Businesses and will allow Seller and its representatives to copy any documents relating to the Seller Cost Reports and appeals thereof.
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Cost Report Matters. (a) Consistent with Section 4.5, Sellers shall prepare and timely file all cost reports relating to the periods ending prior to the Effective Time or required as a result of the consummation of the transactions described in this Agreement, including, without limitation, those relating to Medicare, Medicaid, and other third party payors which settle on a cost report basis (the “Seller Cost Reports”). (b) Upon reasonable notice and during normal business office hours, OpCo Buyer will cooperate reasonably with Sellers in regard to Sellers’ preparation and filing of Seller Cost Reports. Such cooperation shall include, at no cost to Sellers, obtaining access to files at the Hospital or the Practices and OpCo Buyer’s provision to Sellers of data and statistics, and the coordination with Sellers pursuant to reasonable notice of Medicare and Medicaid exit conferences or meetings. Sellers shall have no obligations after the Closing Date with respect to Seller Cost Reports except for preparation and filing thereof.
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Cost Report Matters. (a) Purchaser shall forward to Shareholder any and all correspondence relating to the Cost Reports or rights to settlements and retroactive adjustments on Cost Reports (“Agency Settlements”) within five (5) business days of receipt by Purchaser. Purchaser shall not reply to any such correspondence without Shareholder’s written approval. Purchaser shall remit any receipts relating to the Cost Reports or the Agency Settlements within five (5) business days after receipt by Purchaser and will forward any demand for payments within five (5) business days. Purchaser (and its successors-in-interest, assigns and Affiliates) shall have neither the right to offset amounts payable to Shareholder under this Section 8.2 against, nor the right to contest its obligation to transfer, assign and convey to Shareholder because of, outstanding claims, liabilities or obligations asserted by Purchaser against Shareholder including pursuant to the indemnification provisions of Section 7.2. Shareholder shall retain all rights to Cost Reports including, without limitation, any payables resulting therefrom or receivables relating thereto and the right to appeal any Medicare determinations relating to the Agency Settlements and Cost Reports. (b) Upon reasonable notice and during normal business office hours, Purchaser will cooperate with Shareholder in regard to the preparation, filing, handling, and appeals of Cost Reports. Upon reasonable notice and during normal business office hours, Purchaser will cooperate with Shareholder in connection with any cost report disputes and/or other claim adjudication matters relative to governmental program reimbursement. Such cooperation shall include the providing of statistics and obtaining files at the Facility and the coordination with Shareholder pursuant to adequate notice of Medicare and Medicaid exit conferences or meetings.
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Related to Cost Report Matters

  • Cost Reports Seller, at its expense, shall, or shall cause the Seller Entities to, prepare and timely file all terminating and other cost reports required or permitted by law to be filed under the Medicare and Medicaid or other third party payor programs and the State Health Agency for periods ending on or prior to the Effective Time, or as a result of the consummation of the transactions described herein (“Seller Cost Reports”). If requested by the Seller Entities, Buyer shall include the applicable Seller Entity’s Medicare bad debts that are returned from collection agencies subsequent to the Closing Date on Buyer’s cost report for the respective period to which the Medicare bad debt relates. The Seller Entity shall provide detailed supporting information, as required by Medicare regulations, for the Medicare bad debt account amounts to be included on Buyer’s Medicare cost report. Buyer shall forward to Seller any and all correspondence relating to the Seller Cost Reports within five (5) business days after receipt by ▇▇▇▇▇. Buyer shall remit any receipts of funds relating to the Seller Cost Reports promptly after receipt by ▇▇▇▇▇ and shall forward to Seller any demand for payments within three (3) business days after receipt by ▇▇▇▇▇. Notwithstanding anything to the contrary in this Agreement, Seller shall retain all rights to the Seller Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports and all liabilities relating thereto. Such rights shall include the right to appeal any Medicare or Medicaid determinations relating to the Seller Cost Reports. Seller shall retain the originals of the Seller Cost Reports, correspondence, work papers and other documents relating to the Seller Cost Reports. Seller will furnish copies of such cost reports to Buyer upon request.

  • COST REPORT 29 A. CONTRACTOR shall submit separate Cost Reports for each Period, or for a portion thereof, to 30 COUNTY no later than forty-five (45) calendar days following the period for which they are prepared or 31 termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance with all 32 applicable federal, state and COUNTY requirements, GAAP and the Special Provisions Paragraph of this 33 Contract. CONTRACTOR shall allocate direct and indirect costs to and between programs, cost centers, 34 services, and funding sources in accordance with such requirements and consistent with prudent business 35 practice, which costs and allocations shall be supported by source documentation maintained by 36 CONTRACTOR, and available at any time to ADMINISTRATOR upon reasonable notice. 37 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 1 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 2 following: 3 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 4 business day after the above specified due date that the accurate and complete Cost Report is not 5 submitted. Imposition of the late penalty shall be at the sole discretion of ADMINISTRATOR. The late 6 penalty shall be assessed separately on each outstanding Cost Report due COUNTY by CONTRACTOR. 7 b. ADMINISTRATOR may withhold or delay any or all payments due CONTRACTOR 8 pursuant to any or all agreements between COUNTY and CONTRACTOR until such time that the 9 accurate and complete Cost Report is delivered to ADMINISTRATOR. 10 2. CONTRACTOR may request, in advance and in writing, an extension of the due 11 date of the Cost Report setting forth good cause for justification of the request. Approval of such requests 12 shall be at the sole discretion of ADMINISTRATOR and shall not be unreasonably denied. In no case 13 shall extensions be granted for more than seven (7) calendar days 14 3. In the event that CONTRACTOR does not submit an accurate and complete Cost Report 15 within one hundred and eighty (180) calendar days following the termination of this Contract, and 16 CONTRACTOR has not entered into a subsequent or new agreement for any other services with 17 COUNTY, then all amounts paid to CONTRACTOR by COUNTY during the term of the Contract shall 18 be immediately reimbursed to COUNTY. 19 B. The individual and/or consolidated Cost Report prepared for each period shall be the final 20 financial and statistical report submitted by CONTRACTOR to COUNTY, and shall serve as the basis 21 for final settlement to CONTRACTOR for that period. CONTRACTOR shall document that costs are 22 reasonable and allowable and directly or indirectly related to the services to be provided hereunder. The 23 Cost Report shall be the final financial record for subsequent audits, if any. 24 C. Final settlement shall be based upon the actual and reimbursable costs for services hereunder, less 25 applicable revenues and any late penalty, not to exceed COUNTY’s Total Aggregate Amount Not To 26 Exceed as set forth in the Referenced Contract Provisions of this Contract. CONTRACTOR shall not 27 claim expenditures to COUNTY which are not reimbursable pursuant to applicable federal, state and 28 COUNTY laws, regulations and requirements. Any payment made by COUNTY to CONTRACTOR, 29 which is subsequently determined to have been for an unreimbursable expenditure or service, shall be 30 repaid by CONTRACTOR to COUNTY in cash, or other authorized form of payment, within thirty (30) 31 calendar days of submission of the Cost Report or COUNTY may elect to reduce any amount owed 32 CONTRACTOR by an amount not to exceed the reimbursement due COUNTY. 33 D. If the Cost Report indicates the actual and reimbursable costs of services provided pursuant to 34 this Contract, less applicable revenues and late penalty, are lower than the aggregate of interim monthly 35 payments to CONTRACTOR, CONTRACTOR shall remit the difference to COUNTY. Such 36 reimbursement shall be made, in cash, or other authorized form of payment, with the submission of the 37 Cost Report. If such reimbursement is not made by CONTRACTOR within thirty (30) calendar days after 1 submission of the Cost Report, COUNTY may, in addition to any other remedies, reduce any amount 2 owed CONTRACTOR by an amount not to exceed the reimbursement due COUNTY. 3 E. If the Cost Report indicates the actual and reimbursable costs of services provided pursuant to 4 this Contract, less applicable revenues and late penalty, are higher than the aggregate of interim monthly 5 payments to CONTRACTOR, COUNTY shall pay CONTRACTOR the difference, provided such 6 payment does not exceed the Amount Not To Exceed of COUNTY. 7 F. All Cost Reports shall contain the following attestation, which may be typed directly on or 8 attached to the Cost Report: 10 "I HEREBY CERTIFY that I have executed the accompanying Cost Report and 11 supporting documentation prepared by for the cost report period 12 beginning and ending and that, to the best of my knowledge 13 and belief, costs reimbursed through this Contract are reasonable and allowable and 14 directly or indirectly related to the services provided and that this Cost Report is a true, 15 correct, and complete statement from the books and records of (provider name) in 16 accordance with applicable instructions, except as noted. I also hereby certify that I 17 have the authority to execute the accompanying Cost Report. 18 19 Signed 20 Name 21 Title 22 Date " 23

  • Expert Reports Without prejudice to the appointment of other kinds of experts where authorised by the applicable arbitration rules, the tribunal, at the request of the disputing parties, may appoint one or more experts to report to it in writing on any factual issue concerning environmental, public health, safety or other scientific matters raised by a disputing party in a proceeding, subject to such terms and conditions as the disputing parties may agree.

  • Litigation Reporting If Contractor is served with a pleading or other document in connection with an action before a court or other administrative decision making body, and such pleading or document relates to this Participating Addendum or may affect Contractor’s ability to perform its obligations under this Participating Addendum, Contractor shall, within 10 days after being served, notify the State of such action and deliver copies of such pleading or document to the State’s primary contact identified in §5 of the Participating Addendum .

  • Audit Reports Promptly upon receipt thereof, one copy of each interim or special audit made by independent accountants of the books of the Company or any Subsidiary;