Joint and several' - don't get stuck holding the bag

Article Abstract:

Physicians should be wary of 'joint and several' agreements when negotiating loan contracts. 'Joint and several' agreements hold individual parties responsible for the debt accrued by an entire group. In the event of a dissolved partnership, the most convenient or creditworthy physician must often bear a financial burden incompatible with his or her share of the loan. Savvy physicians will negotiate for 'several' liability only; under 'several' terms, physicians are liable for a pro rata portion of the debt.

Debt Management-Long Term Loans, Management, Loan servicing, Contracts, Joint and several, Joint and several contracts

---

Examine terms carefully in managed care contracts

Article Abstract:

It is all too common for managed care organizations to ask physicians to sign contracts that contain acrimonious language and provisions. The physician can either reject the contract entirely, or sign it under the exact conditions and terms provided. However, managed care companies have become more willing to negotiate with physicians in order to resolve some, if not all, issues in the contracts that physicians are asked to sign.

Direct Health and Medical Insurance Carriers, Hospital and medical service plans, Medical Care Insurance, Health insurance, Managed care plans (Medical care)

---

Similar abstracts:

• Abstracts: Ethics of phase 1 oncology studies: reexamining the arguments and data
• Abstracts: Meeting the needs of families of patients in intensive care units. part 2 Meeting the requirements for becoming a nurse lecturer
• Abstracts: Bush budget focuses on variety of health reforms. Budget outline earmarks fund for Medicare reform
• Abstracts: FDA panel seeks to balance risks in warnings for antidepressants. Drugs alias dietary supplements
• Abstracts: A comparison of four screening methods for cervical neoplasa in a developing country. Shedding a new light on Bethesda III: new technologies in cervical screening

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.