These types of contracts are a form of alignment between hospitals and physicians, although the physician is not employed by the hospital. PSAs can be with an individual physician for something as simple as a medical directorship, or it might be with a group to cover an entire service (e.g., radiology services, etc.).
The master service agreement checklist is your essential companion for confidently handling complex master service agreements (MSAs). It makes creating, reviewing, or changing MSAs easier.
Sometimes, a contract covers a one-time action between parties, but what happens when the relationships or circumstances are ongoing? When signing parties know they will continue to work together in the future, a Master Service Agreement (MSA) can simplify those future agreements and speed up the negotiation process.
An MSA generally contains the following elements: Scope of work: ensures that both parties understand what work will be delivered. Confidentiality: protects intellectual property and other proprietary information from being disclosed. Geography: defines where the work will be performed.
If you are a business that enters into multiple Master Service Agreements per year, it is to your advantage to work with a business lawyer to prepare your own Master Service Agreement template and related Statements of Work for consistency, risk mitigation and control purposes.
While the terms of service may be referenced in the MSA, they are just one component of the overall agreement. The MSA provides a more comprehensive framework for the business relationship, while the terms of service focus on specific usage and conduct guidelines for customers.
It serves as a framework that simplifies future transactions, contracts, or agreements by establishing the ground rules in advance. As the parties embark on new projects or services, a Master Service Agreement eliminates the need to renegotiate the basics each time.
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.