ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT
Exhibit 10.11
ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT
This Addendum (the Addendum) is entered into as of January 1, 2014, by and among NEW YORK RADIATION THERAPY MANAGEMENT SERVICES, LLC., a New York limited liability company (MANAGEMENT SERVICES) and YONKERS RADIATION MEDICAL PRACTICE, P.C., a New York professional corporation (the PC). This Addendum amends Section 3.1 of the Administrative Services Agreement dated January 1, 1999 between the parties (the Agreement) to adjust the monthly Service Fee payable at the rate of $560.00 per external beam treatment billed in 2013 to a monthly Service Fee payable at the rate of $550.00 per external beam treatment billed (currently CPT codes 77372, 77373, 77401 77416, 77418, and 77781 77784) and replaces the Addendum of that same Section dated January 1, 2013. 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 $550.00 per external beam treatment billed (currently CPT codes 77372, 77373, 77401 77416, 77418, and 77781 77784). 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: | NEW YORK RADIATION THERAPY | |
| MANAGEMENT SERVICES, INC. | |
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| By: | /s/ Bryan J. Carey |
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| Bryan J. Carey |
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| Vice President |
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Accepted: | YONKERS RADIATION MEDICAL PRACTICE, P.C. | |
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| By: | /s/ James H. Rubenstein, M.D. |
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| James H. Rubenstein, M.D. |
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| President |