4. f. RPM Device Kits Financing
a) Pursuant to Section 3.f (iii) of this Agreement, IndividuALLytics shall engage to secure financing for the cost of the remote patient monitoring (“RPM”) and/or remote therapeutic monitoring (“RTM”) devices and support systems (“Device Kits”), which are reimbursable under CPT code 99454 currently, and others in the future, which will be billed through IndividuALLytics’ billing practitioner NPI(s).
b) IndividuALLytics is responsible for 100% of the financing monthly payments, the RPM kit support, and the device kits will be secured by the Financing Source and/or IndividuALLytics. Both IndividuALLytics and Provider will periodically update a six-month forecast to help coordinate the device kit planning and at least annually develop a 3 year forecast, which are non-binding best estimates.
c) Provider agrees to co-guarantor role by execution of such documents from IndividuALLytics’ designated financing source (“Financing Source”) for Participating Patients.
d) IndividuALLytics and Provider will ask each Patient to have needed level of responsibility to collect RPM data daily, 80% or more of calendar month days is target for best care. Under 51% of calendar month days RPM data collection is potential cause for Patient to return the RPM Device Kit. IndividuALLytics will provide Patient’s support, reminders and customer service to allow daily RPM data collection.
e) IndividuALLytics is responsible for RPM Device Kit return with Patient responsible for keeping in good working order. For each Patient that returns RPM Device Kit, the Provider and IndividuALLytics will maintain list of good fit Patient’s to offer the returned RPM Device Kit.
f) Upon termination of this Agreement for any reason, the Parties agree to use all reasonable efforts to cooperate to recover and repurpose all issued RPM Devices, and offer Provider the option to purchase the recovered RPM devices at their then current fair market value or remaining financing payoff value, whichever is higher.