Learn here about the management fee as it relates to the PC and MSO relationship.
*Moxie Medical MSA - Section Appendix A Definition (m) - "management fee"
A Management Fee can be paid as a $ or % amount depending on the state your business resides in. In most states, the MSO is paid a fixed monthly fee (say, $5,000 per month) and reimbursed for any expenses it incurs on behalf of the PC. If the PC does not pay in a given month, that value is added up to the total the PC owes the MSO. This will stack up over time: for example, if the PC didn’t retain $5,000 after paying other expenses, it would owe the MSO $10,000 after two months. What happens when the profit of the PC exceeds $5,000? The PC-MSO might make a one-time bonus payment per performance and raise the rate due to the increased value the MSO provides.
Simply put, This is not a fee you pay to Moxie. You will have access to both the PC and LLC financial accounts, LLC being your MSO bank account. Essentially, once you've paid your medical expenses from your PC bank account (medical director payment, medical training, insurance, injecting supplies, and more), you can transfer the remaining amount to pay your MSO expenses (rent, utilities, salary, Accounting, Marketing, and more). You can initiate this transfer monthly or as needed to pay these bills. We inputted a minimum of $5,000 in the contract but know it's typically closer to $10,000-15,000 depending on your revenue.