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Physician Agreement Paperwork
Below you will find the documents you will need and guidance through the process.
Setting expectations for the Provider will help immensely in this process and will allow for an easier boarding process for everyone. Our install times right now are very attractive and if all I's are dotted and T's crossed, the process has transpired within 3 weeks from signature to install. Providers are accustomed to much longer waits for new tech to deploy, so use this to your advantage.
Be sure to read "About the Agreements" that follow the downloads.
About the Biosensor Documents
Our business model is to place our equipment, an employee paid by us and our supplies in your practice to help provide diagnostic services to patients you deem eligible in a space of your office that you lease to us. To keep this arrangement legal and revenue earning on both sides, we provide you with three agreements. The first two documents cover how we can place this device without any investment on your behalf.
1. Equipment and Staffing Lease Agreement
If you are a credentialed practice that provides medical services to patients, Biosensor will lease equipment that can be used in the service to help diagnose those patients, staff trained to run the equipment and all the supplies needed to run the equipment. We retain ownership of the machine as to not violate anti-kickback laws. The lease is typically $500/month. Whatever we lease the equipment, staff and supplies for we pay an equivalent amount back in the space lease agreement.
In this document, the amount of time the equipment will be used is estimated at approximately seven minutes per test. Biosensor retains ownership of the device, keeps insurance on the device and will keep the equipment in good repair. The initial agreement is for two years, but either side can terminate with notice.
2. Space Lease Agreement
3. Management Services Agreement
This document covers the business relationship between Biosensor and The Practice.
The salient features of this agreement are: