This excerpt taken from the TRCR 8-K filed Sep 17, 2009.
Conditions Related to Single-Sourced Pricing:
HMA Facilities will obtain the benefit of the single-sourced pricing for standard service levels consistent with the terms of this Agreement. In the event that an HMA Facility needs services utilizing a non-BeyondTXT platform, Transcend and HMA agree to negotiate the pricing for those specific HMA Facilities on a case-by-case basis.
Single-sourced pricing will go into effect on the Effective Date of this Agreement. Therefore, single-sourced pricing shall not be reliant upon the preceding condition of all HMA Facilities first being managed by Transcend.
If there is not a contractual provision which would restrict moving transcription volume from an outsourced vendors platform to Transcends BeyondTXT platform, HMA and the HMA Facilities agree to transition all work to Transcends BeyondTXT platform in advance of the termination date, if possible.
The parties acknowledge that this Agreement is for the exclusive services of Transcend. Transcend acknowledges that HMA or the HMA Facilities may have similar/identical existing obligations for transcription services with other third party contractors. Thus, upon the execution of this Agreement, HMA and/or HMA Facilities will use its best and reasonable efforts to immediately bring closure (e.g., notice of termination) to such third party contracts; in the case of a future newly managed HMA Facility, immediately upon the effective date upon which the facility becomes a managed HMA Facility. However, Transcend recognizes that in those situations, where such a third party agreement is in place, this Agreement shall not be effective.
HMA and the HMA Facilities agree that Transcend will employ all HMA Facilitys medical language specialists (transcriptionists) on the Effective Date of this Agreement.
Line Definition. Billing will be calculated at the rate per Visible Black Character as indicated below. For counting purposes, a Visible Black Character is defined as a character you can see with the naked eye. Spaces, carriage returns, and hidden formatting instructions such as bolding, underlining, text boxes and printer configurations are not counted.
Radiology Report Definition. If one transcribed report is linked through multiple orders, each order will be charged at the fixed rate per report. Each addendum inserted under the original report will be charged separate at the fixed rate per report.
CONFIDENTIAL TREATMENT REQUESTED BY
TRANSCEND SERVICES, INC. UNDER RULE 24b-2