Addendum to Administrative Services Agreement between North Carolina Radiation Therapy Management Services, LLC and Radiation Therapy Associates of Western North Carolina, P.A.
This addendum updates the Administrative Services Agreement between North Carolina Radiation Therapy Management Services, LLC and Radiation Therapy Associates of Western North Carolina, P.A., effective January 1, 2015. It revises the method for calculating the monthly service fee, setting it at $625 per external beam treatment billed, and updates the relevant CPT codes. The parties agree to review the service fee annually to ensure it reflects fair market value. The addendum clarifies that management services do not include direct marketing services.
Exhibit 10.28
ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT
This Addendum (the Addendum) is entered into effective as of January 1, 2015, by and between NORTH CAROLINA RADIATION THERAPY MANAGEMENT SERVICES, LLC., a North Carolina limited liability company (MANAGEMENT SERVICES) and RADIATION THERAPY ASSOCIATES OF WESTERN NORTH CAROLINA, P.A., a North Carolina professional corporation (the PA). This Addendum amends Section 3.1 of the Administrative Services Agreement dated January 1, 2002 between the parties (the Agreement) to update and revise reference to CPT codes that comprise external beam treatments for purposes of computing the monthly Service Fee and replaces the Addendum of that same Section dated July 1, 2014. The parties acknowledge that Management Services neither provides direct marketing services currently under the Agreement nor does this Amendment provide for Management Services to provide direct marketing services.
From and after the date hereof, Section 3.1 shall read as follows:
3.1. Service Fee. For the services to be provided hereunder by MANAGEMENT SERVICES, the PC shall pay to MANAGEMENT SERVICES a monthly Service Fee at the rate of $625.00 per external beam treatment billed (currently including, but not limited to CPT codes 0073T; 58999, V; 77001-26, 77002-26, 77021, 77021-26, 77300-59, 77336-59, 77372 77373, 77385 77386, 77401 77416, 77418, 77421, 77424 77424, 77600, 77605, 77610, 77615, 77620, 99144 99145, 99149, A9606, A9699, G0339 G0340, and G6003 G6016). The parties agree that the Service Fee represents the fair market value of the services provided by MANAGEMENT SERVICES hereunder and that the parties shall meet annually to reevaluate the value of services provided by MANAGEMENT SERVICES and shall establish the fair market value thereof for purposes of this Section 3.1.
Accepted: | NORTH CAROLINA RADIATION THERAPY | |
| MANAGEMENT SERVICES, INC. | |
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| By: | /s/ JOSEPH BISCARDI |
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| Joseph Biscardi |
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| Assistant Treasurer |
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Accepted: | RADIATION THERAPY ASSOCIATES OF | |
| WESTERN NORTH CAROLINA, P.A. | |
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| By: | /s/ DANIEL E. DOSORETZ, M.D. |
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| Daniel E. Dosoretz, M.D. |
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| Vice President |