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<br />e. AGENT - EMS~MC is appointed as the agent of Client under this <br />Agreement solely for the express purposes of this Agreement relating to billing <br />and receiving payments and mail, receiving and storing documents, and <br />communicating with hospitals and other entities to facilitate its duties. EMS~MC <br />will have no authority to pledge credit, contract, or otherwise act on behalf of <br />Client except as expressly set forth herein. <br />PAYMENTS FROM GOVERNMENT FUNDED PROGRAMS - As to all <br />payments received from Medicare, Medicaid and other government funded <br />programs, the parties specifically acknowledge that EMS~MC will only prepare <br />claims for Client and will not negotiate checks payable or divert electronic fund <br />transfers to Client from Medicare, Medicaid or any other government funded <br />program. All Medicare, Medicaid and any other government funded program <br />payments, including all electronic fund transfers, will be deposited directly into a <br />bank account designated by Client to receive such payments and as to such <br />account only Client, through its officers and directors, shall have access. <br />2. COMPENSATION OF EMS~MC. <br />a. COMPENSATION -Client shall pay a fee for the services of EMS~MC <br />hereunder, on a monthly basis, in an amount equal to six and three quarters <br />percent (6.75%) of "Net Collections" as defined below (the "Compensation"). Net <br />Collections shall mean all cash and check amounts including electronic fund <br />transfers (EFT's) received by EMS~MC from payers, patients, attorney's offices, <br />court settlements, collection agencies, government institutions, group health <br />insurance plans, private payments, credit cards, healthcare facilities or any person <br />or entity submitting funds on a patient's account, OR any amounts paid directly to <br />the Client with or without the knowledge of EMS~MC that are paid, tendered, <br />received or collected each month for Client's transports, less refunds processed or <br />any other necessary adjustments to those amounts. EMS/MC will not be <br />compensated for accounts referred back to and resolved by the Client; including, <br />but not limited to customer complaints referred to client under 1(d)(1) and patients <br />whose claims are processed under the Client's EMS Assistance Program. <br />b. INVOICES - EMS~MC shall submit an invoice to Client by the 10th day of <br />each month for the Compensation due to EMS~MC for the previous calendar <br />month. The invoice shall accompany the Report provided by EMS~MC pursuant to <br />4 <br />