Setting up pre-defined payment plan types

You can create pre-defined payment plan types. These types serve as defaults when you set up a payment plan for an account. You can change the default on a per account basis.

To set up a pre-defined payment plan type

1.   In the Patient Banner, click the Settings button.

The Settings dialog box appears.

2.   Click Payment Plan Setup.

The Payment Plan Setup dialog box appears.

 

3.   Click New.

The New Payment Plan Type dialog box appears.

 

4.   Do the following:

·        Type – Type a description of up to 31 alphanumeric characters for the type of payment plan that you want to create.

·        Annual Finance Charge Percent – Type a percentage rate to assess finance charges to your accounts.

Note: The monthly percentage rate is calculated automatically. For example, if you set the annual percentage rate to18%, a 1.5% monthly rate is applied to the account. If you do not want to apply finance charges to this payment plan type, set the annual finance charge percentage 0.

·        Annual Late Charge Percent – Type a percentage rate to assess late charges to delinquent accounts.

Note: The amount to assess based on a monthly, semi-monthly, bi-weekly, or weekly charge is calculated automatically. If you do not want to apply late charges to this payment plan type, set the annual late charge percentage to 0.

·        Grace Period (days) – Type the number of days (0-30) to set up a grace period before assessing a late charge.

·        Minimum Late Charge – Type an amount to assess a minimum late charge.

·        Minimum Balance to Charge – Type an amount to set a minimum balance on which to assess a finance or late charge.

Note: The minimum balance to charge is compared to the balance for each account with a payment plan. Only accounts with balances greater than the minimum balance are assessed finance or late charges. The minimum balance default is $.01. You can increase the amount, but you cannot make it less than $.01.

5.   Click OK.