Common use of NET PRACTICE REVENUES Clause in Contracts

NET PRACTICE REVENUES. The term "Net Practice Revenues" shall mean all revenues, computed on an accrual basis as defined by GAAP, (after taking into account adjustments for uncollectible accounts, discounts, contractual allowances, Medicare, Medicaid, CHAMPUS, workers' compensation, professional courtesy discounts and other write-offs) generated by or on behalf of Practice or its employees as a result of professional medical services furnished to patients, and other fees or income generated by such persons in their capacity as Physician Partners, Practice Employees and employees of Practice, whether rendered in an inpatient or outpatient setting and whether generated from health maintenance organizations, preferred provider organizations, Medicare, Medicaid or rendered to other patients, including, but not limited to, payments received under any capitation or risk withhold arrangements. The term "Net Practice Revenues" shall also include any ancillary services (e.g., hearing aids) revenues for services provided at the Medical Offices.

Appears in 3 contracts

Samples: Management Services Agreement (Physicians Specialty Corp), Management Services Agreement (Physicians Speciality Corp), Management Services Agreement (Physicians Specialty Corp)

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NET PRACTICE REVENUES. The term "Net Practice Revenues" shall mean all revenues, computed on an accrual basis as defined by GAAP, (after taking into account adjustments for uncollectible accounts, discounts, contractual allowances, Medicare, Medicaid, CHAMPUS, workers' compensation, professional courtesy discounts and other write-offs) generated by or on behalf of Practice or its employees as a result of professional medical services furnished to patients, and other fees or income generated by such persons in their capacity as Physician PartnersShareholders, Practice Employees and employees of Practice, whether rendered in an inpatient or outpatient setting and whether generated from health maintenance organizations, preferred provider organizations, Medicare, Medicaid or rendered to other patients, including, but not limited to, payments received under any capitation or risk withhold arrangementsarrangement. The term "Net Practice Revenues" shall also include any ancillary services (e.g., hearing aids) revenues for services provided at the Medical Offices.

Appears in 1 contract

Samples: Management Services Agreement (Physicians Specialty Corp)

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