This is a YouTube video titled "Did You Know This About Indemnification Clauses?" containing a discussion about the risks physicians face regarding indemnification clauses in contracts, particularly related to billing and coding liabilities. The excerpt features a single speaker explaining the potential liabilities and misunderstandings physicians may have about these clauses.
You know, a lot of the indemnification clauses that we see, they'll talk about billing. Right. And so I think you're taking on a ton of risk there, because most physicians now are employed, and they're not. They're not doing the billing themselves anyway. Right. I mean, they're submitting their codes, but it kind of leaves their hands after that. So I do think there's. There's potentially large amounts of liability that are out there with these clauses. You mean if the. If the billing and coding is done wrong, the doc's got to make the employer whole for it or something? Correct. Yeah. So if. If they're. If you're going in and you're charging. Right. You know, insurers improperly. Right. Or fraudulently bill, you know, in their eyes. And there's a damage amount that comes in for that. If your contract has this indemnification clause in it, you're likely taking responsibility for that. Wow, that seems kind of ridiculous to even try to put that into a contract. I kind of understand the theory behind just, you know, blacking it out and sending the contract back and saying, no, you know, you want me get rid of this? Do you think a lot of docs are signing this without understanding them? No, I think it happens every day. Yeah.