A physician services agreement is a legal contract between someone certified and licensed to practice medicine or a physician and another party. This agreement is often used in individual consulting services, educational or research services, among other things.
In the world of hospital payments, PSA refers to a physician service agreement. These types of contracts are a form of alignment between hospitals and physicians, although the physician is not employed by the hospital.
A service provider agreement, also known as a provision of services agreement, is a contract between at least two parties in which one party agrees to provide services in exchange for compensation. For example, a homeowner may execute a service provider agreement with a contractor for home repairs.
In summary, ToS are used for consumer-facing agreements and are specific to individual users, while MSAs are used in B2B relationships and serve as overarching agreements between businesses.
Elements of PSAs PSAs are structured to contract for physicians' clinical and professional services, which might include administrative and quality work or call coverage.
In summary, Terms of Service are designed for individual users and are used in B2C relationships, while Master Service Agreements are tailored for business-to-business relationships and provide a comprehensive framework for ongoing service provision between companies.
Unlike an SLA, an MSA covers a wider range of contractual provisions and services and is often used as a legally binding contract between vendors and clients.