TLC DME Purchase service Agreement
Initial Inventory: Initial inventory will be processed and shipped to each location with N180-day terms. You have a full six months to evaluate all products, gauge patient satisfaction, and receive reimbursement before any payment for the startup inventory is due. Reorders are N90 day terms. Start-up order details are included in Appendix A.
If you are using our DME Billing Program for all billing: You will not have a financial obligation for any of the DME inventory shipped to any of your locations if said inventory is dispensed and paperwork submitted to be billed via the 3rd party. It is important that paperwork for all units dispensed is submitted since that is the mechanism that tracks utilization and allows for these products to be paid for by the 3rd party, so no cost to your clinic. We will periodically reconcile inventory that was shipped vs what is on your shelves vs what was submitted for billing. If there is a variance of more than 10% of missing units, we will revisit. Any missing inventory greater than 10% will be the responsibility of your clinic(s) to pay for.
If you are using our DME Billing Program for only specific carrier billing: Your initial delivery of DME products will be processed and shipped to each location of your clinic on 180-day terms. As said inventory is dispensed and paperwork submitted to be billed via the 3rd party, your account will be credited for those products. All re-orders will be on 90-day terms to allow time for those products to either be billed by your clinic and reimbursed, or to dispense to patients and submit the paperwork to the 3rd party for billing.
Auto Replenishment: When using our Billing program for all billing, we will auto replenish via the DME Billing Forms being submitted when a product is dispensed. TLC will capture and track all DME submissions per week, per location, and will automatically replenish your stock with exactly the equivalent amount of inventory that was billed through the program. A custom online order form will be provided for any supplies your clinic may wish to order unrelated to the DME Billing Program Auto Replenishment Service.
Termination of Agreement: Termination of services & purchases requires a 60-day written notification. If a change in ownership of your clinics takes place the new owners will assume responsibility for all outstanding balances. Any TLC unused, non-logoed products in resalable condition m ay be returned within 30 days of purchase for partial credit. Non TLC products such as crutches, splint roll, and or product purchased on behalf of the client from domestic brand name companies are not eligible for return. All legal disputes will be settled in Charlotte County in the state of Florida.
