Terms and Conditions
Meditech Billing Services LLC retains the sole right to provide billing and revenue cycle management (RCM) services to the Client as defined in this Agreement. Any changes or additions to these services must be mutually agreed upon in writing by both parties.
Non-Solicitation of Clients and Employees.
During the term of this Agreement and for a period of two (2) years following its termination, Meditech Billing Services LLC and the Client agree to:
- Refrain from directly or indirectly encouraging the other party’s clients to transfer their business to another provider or similar service.
- Avoid any actions or communications advising clients to reduce, withdraw, or cancel services with the other party.
- Maintain confidentiality regarding the identities, contact details, and business relationships of the other party’s clients.
- Not solicit, employ, or attempt to employ any employees, agents, or former employees of the other party in any business capacity.
- Refrain from making any disparaging remarks regarding the other party’s members, officers, employees, or agents.
Confidentiality
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Both parties agree to protect and maintain the confidentiality of any proprietary or sensitive information received in relation to this Agreement. This includes:
- Safeguarding Protected Health Information (PHI) and adhering to all HIPAA regulations.
- Prohibiting the disclosure or use of any Confidential Information of the other party except as necessary to fulfill the terms of this Agreement.
Restriction on Competition
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For the duration of this Agreement and for one (1) year following its termination, the Client agrees not to:
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Engage in, establish, or operate a business that competes with Meditech Billing Services LLC’s billing and RCM services, either directly or indirectly.
- Hold any ownership, employment, management, or investment position in any business that competes with Meditech Billing Services LLC.
Compensation for Damages
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The Client agrees to indemnify and hold Meditech Billing Services LLC harmless from any claims, losses, liabilities, damages, and expenses (including legal fees) arising from the Client’s breach of this Agreement, including but not limited to:
- Misconduct, negligence, or wrongful actions by the Client or its employees.
- Non-compliance with applicable healthcare laws, regulations, or payer requirements.
Term and Renewal
This Agreement takes effect upon the date of the last signature below and will remain valid for one (1) year. It will automatically renew for additional one (1) year periods unless either party provides written notice of non-renewal at least thirty (30) days prior to the end of the current term.
Termination
Either party may terminate this Agreement by providing written notice if the other party:
Materially breaches this Agreement and fails to remedy the breach within thirty (30) days of receiving written notice.
Becomes insolvent, declares bankruptcy, or undergoes any similar financial distress proceedings.
Severability
If any provision of this Agreement is deemed invalid or unenforceable by a court of competent jurisdiction, that provision shall be enforced to the fullest extent permissible, and the remainder of the Agreement shall continue in full effect.
Governing Law and Venue
This Agreement is governed by and shall be construed in accordance with the internal laws of the State of New York, without regard to its conflicts of law provisions. Any disputes arising out of or in connection with this Agreement shall be resolved in the appropriate courts located within the State of New York.