Medicare Account definition

Medicare Account means an Account payable pursuant to an agreement entered into between a state agency or other entity administering Medicare in such state and a healthcare facility or physician under which the healthcare facility or physician agrees to provide services or merchandise for Medicare patients.

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Medicare Account means any Accounts of Borrowers or Guarantors arising pursuant to goods sold or services rendered by Borrowers or Guarantors to eligible Medicare beneficiaries to be paid by a Fiscal Intermediary or by the United States of America acting under the Medicare program or any other Governmental Authority under Medicare.

Medicare Account means an Account payable pursuant to a Medicare Provider Agreement.

Examples of Medicare Account in a sentence

Borrower authorizes and directs Lender to sweep all funds from the Medicare Account to the Operating Account on a daily basis, and in the absence of a Default, such funds in the Operating Account may be used by Borrower, all in accordance with the terms of the Account Collections Agreement.
Lender agrees that Lender will not have a right of set off with respect to the Medicare Account.
Doctors Health, as the agent of the LLC, will from time to time maintain accounts with one or more financially secure banking institutions, into which it shall deposit promptly upon receipt all Collected LLC Cash which it receives as the agent of the LLC and on the LLC's behalf from Medicare and Medicaid and in respect of goods and services provided pursuant to the Medicare and Medicaid programs (collectively, the "LLC Medicare Account").
Subject to the requirements of applicable law, Manager may transfer funds from the LLC Medicare Account to the LLC Cash Account in its discretion.
Doctors Health will from time to time maintain accounts with one or more financially secure banking institutions, into which it shall deposit promptly upon receipt all of the Collected LLC Cash it receives from any sources other than those described in SECTION 3.c.i.A, above (collectively, the "LLC Cash Account") (the LLC Medicare Account, the LLC Cash Account and any other bank accounts established by Doctors Health hereunder are hereinafter collectively referred to as the "LLC Accounts").
Grantor hereby waives any and all defenses and counterclaims it may have or could interpose in any action or procedure brought by Secured Party to obtain an order of court recognizing the assignment or security interests and Liens of Secured Party in and to Account, Receivable or other Collateral, whether payable to Grantor or any of its Subsidiaries and whether or not payable by a Medicaid/ Medicare Account Grantor.
The Manager, as the agent of the LLC, will from time to time maintain accounts with one or more financially secure banking institutions, into which it shall deposit promptly upon receipt all Collected LLC Cash which it receives as the agent of the LLC and on the LLC's behalf from Medicare and Medicaid and in respect of goods and services provided pursuant to the Medicare and Medicaid programs (collectively, the "LLC Medicare Account").
Doctors Health will from time to time maintain accounts with one or more financially secure banking institutions, into which it shall deposit promptly upon receipt all of the Collected LLC Cash it receives from any sources other than those described in SECTION 3.C.I.A, above (collectively, the "LLC Cash Account") (the LLC Medicare Account, the LLC Cash Account and any other bank accounts established by Doctors Health hereunder are hereinafter collectively referred to as the "LLC Accounts").
The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s, or any of its Subsidiaries’, employees and identified to Collateral Agent by Borrower as such in the Perfection Certificate or with respect to each Medicare Account.
Except as otherwise provided in the Indenture, the Loan Payments shall be used by the Trustee to pay the Bond Debt Service Charges on the Bonds as and when due.

More Definitions of Medicare Account

Medicare Account means any accounts of the Pledgors arising pursuant to goods sold or services rendered by any Pledgor to eligible Medicare beneficiaries to be paid by a Fiscal Intermediary or by the United States of America acting under the Medicare program or any other Governmental Authority under Medicare.

Medicare Account means an account where the primary payer is the Medicare program.

Medicare Account means an Account payable pursuant to an agreement entered into between any Governmental Entity or other entity administering Medicare in any state and a Loan Party under which such Loan Party agrees to provide services for Medicare patients. “Merger” has the meaning set forth in the preliminary statements to this Agreement. “Merger Agreement” has the meaning set forth in the preliminary statements to this Agreement. “Merger Sub 1” has the meaning set forth in the preliminary statements to this Agreement. “Merger Sub 2” has the meaning set forth in the preliminary statements to this Agreement. “Moody’s” means ▇▇▇▇▇’▇ Investors Service, Inc. and any successor thereto. “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA and subject to Title IV of ERISA, to which a Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding six plan years, has made or been obligated to make contributions. “Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. “NLC Facility” means the dedicated warehouse facility called the “National Logistics Center” and located at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇. “NLC Inventory” means Inventory of the Omega Entities and the Beta Entities maintained and stored at the NLC Facility; provided, that the NLC Inventory shall not include any Inventory held at the pharmacy store located at the same address as the NLC Facility. “NOLV” or “Net Orderly Liquidation Value” means the orderly liquidation value (net of all liquidation expenses, costs of sale, commissions, operating expenses and retrieval and related costs) of Inventory, as determined pursuant to the most recent third-party appraisal of such Inventory delivered to the Administrative Agent pursuant to Section 6.02(g) by an appraiser reasonably satisfactory to the Administrative Agent, and in each case expressed as a percentage of the net book value of such Inventory determined in accordance with GAAP. The Net Orderly Liquidation Value for each such category of Inventory will be increased or reduced promptly upon receipt by the Administrative Agent of each updated appraisal. “Non-Consenting Lender” has the meaning specified in Section 3.07. “Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting Lender. “Non-Loan Party” mea...

Medicare Account means an Account owing to CCT by the U.S. Department of Health and Human Services (or any successor agency), its carriers or other payors of funds pursuant to the Medicare program established by Title XVIII of the Social ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇ ▇.▇.▇. §▇▇▇▇ et seq. as payment for services rendered or goods, supplies or equipment provided (whether provided by CCT indirectly or through one or more related or unrelated persons) to Medicare beneficiaries.

Medicare Account is any “zero balance” deposit account maintained by ▇▇▇▇▇▇▇▇, solely for the purpose of receiving payments owed to the Borrower in the framework of Medicare, Medicaid or any other Governmental Authority healthcare program and identified to Collateral Agent on the applicable Perfection Certificate or otherwise by written notice.

Medicare Account means all accounts due or coming due in the future to, or alleged to be due or coming due, directly or indirectly, to, USML from the Department of Health and Human Services, its carriers or other payors of funds pursuant to the Medicare program established by Title XVIII of the Social Security Act, 42 U.S.C. Section 1395 et seq. as payment for services rendered or goods, supplies or equipment provided (whether provided by USML indirectly or through one or more related or unrelated persons) to Medicare beneficiaries.