A contract is an agreement between parties, creating mutual obligations that are enforceable by law.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality..
Moreover, the ability of hospitals to threaten to bill out-of-net- work patients for exorbitant list prices forces insurers to agree to excessive payments for in-network hospitals, thereby driving up premiums for in-network patients
Contract law determines the financial relationship between self-pay patients and providers
This obligation requires them to consider carefully the terms and conditions of contracts to deliver health care services before entering into such contracts to ensure that those contracts do not create untenable conflicts of interests
The common types of contracts and agreements in healthcare are: In the following sections, we’ll discuss all the above types of healthcare agreements in more detail
1Physician Employment Contract A physician employment contract is an agreement between a physician and a hospital, with the physician agreeing to work as an employee of the hospital
