Medical Group Costs. Except as otherwise provided in this Agreement, the Medical Group shall pay all of the costs specified in this Section 5.7 (the "Medical Group Costs"). All Medical Group Costs shall be incurred in the name of the Medical Group, and not in the name of the Management Company, and shall be paid from an account of the Medical Group and not from any bank account of the Management Company. The Medical Group Costs are as follows: (a) compensation of all Medical Personnel that (i) are authorized to directly xxxx patients, Medicare, Medicaid and third party payors and (ii) are employed directly by the Medical Group (such persons being referred to herein as the "Billable Medical Personnel"); (b) any applicable fringe benefits for all Medical Personnel, including, but not limited to, payroll taxes, workers' compensation, health insurance (including drug coverage), dental insurance, disability insurance, life insurance, 401(k) retirement plan, business buy-out disability insurance and continuing education; and (c) the cost of any items which are not required to be provided by the Management Company under this Agreement and/or which were ordered, purchased, or incurred by the Medical Group directly, including but not limited to the cost of accounting, legal, consulting, or other professional or advisory services, business meetings, and business taxes.
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Samples: Management Services Agreement (BMJ Medical Management Inc), Management Services Agreement (BMJ Medical Management Inc), Management Services Agreement (BMJ Medical Management Inc)
Medical Group Costs. Except as otherwise provided in this Agreement, the Medical Group shall pay all of the costs specified in this Section 5.7 (the "Medical Group Costs"). All Medical Group Costs shall be incurred in the name of the Medical Group, and not in the name of the Management Company, and shall be paid from an account of the Medical Group and not from any bank account of the Management Company. The Medical Group Costs are as follows:
(a) compensation Compensation of all Medical Personnel that (i) are authorized to directly xxxx patients, Medicare, Medicaid and third party payors and (ii) are employed directly by the Medical Group (such persons being referred to herein as the "Billable Medical Personnel");
(b) any Any applicable fringe benefits for all Medical Personnel, including, but not limited to, payroll taxes, workers' compensation, health insurance (including drug coverage), dental insurance, disability insurance, life insurance, 401(k) retirement plan, business buy-out disability insurance and continuing education; and
(c) the The cost of any items (excluding automobile and entertainment expenses which shall be included in Authorized Management Company Operating Costs) which are not required to be provided by the Management Company under this Agreement and/or which were ordered, purchased, or incurred by the Medical Group directly, including but not limited to the cost of accounting, legal, consulting, or other professional or advisory services, business meetings, and business taxes.
Appears in 1 contract
Samples: Management Services Agreement (BMJ Medical Management Inc)