Practice Preferences for Statements
You can set up and configure default parameters for statements in your practice. The table describes the preferences that you can set for your practice.
Field | Description |
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Statement Options |
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Charge / Transaction Options |
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Other Statement Options |
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Acceptable Payment Parameters | Select Minimum flat dollar payment amount to enter a minimum balance amount above which the statement counter resets, and select Acceptable % of self pay balance to enter the percentage of the patient balance below which the statement counter resets.
The Statement Counter in the Account Profile window is incremented by one each time a statement is generated for an account or a guarantor. If the guarantor remits a payment that meets the parameters defined here, the Statement Counter is automatically reset to zero.
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Late Fee | Select Late Fee to set the default parameters for late fees on accounts with a delinquent self-pay balance. The late fee is added to the statement for any guarantor in the batch with a delinquent self-pay balance that meets or exceeds the number of days defined here. Prior to setting up preferences in the Late Fee Preferences window, you must create a SIM code for the late fee charge. If using Flat Fee as late fee, enter the dollar amount as the price on the SIM code. If using Percentage as late fee, enter the price on the SIM code as $0.00. The late fee charge amount is calculated as a percentage of the total delinquent self-pay balance. |
Example 1 Practice Preferences: Minimum flat dollar payment amount = $25.00 Acceptable % of self pay balance = 100% | |
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Versions 5.8 and earlier ( and = Payment must meet both criteria) | Versions 5.8 UD1 and later ( or = Payment must meet one criteria) |
If the guarantor has a $5 self-pay balance, a $5 payment does not reset the counter to 0 because even though the payment is 100% of the balance, it is still less than the $25 minimum flat dollar amount. | If the guarantor has a $5 self-pay balance, a $5 payment resets the counter to 0 because the payment is 100% of the balance, even though it is less than the $25 minimum flat dollar amount. |
Example 2 Practice Preferences: Minimum flat dollar payment amount = $5.00 Acceptable % of self pay balance = 100% | |
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Versions 5.8 and earlier ( and = Payment must meet both criteria) | Versions 5.8 UD1 and later ( or = Payment must meet one criteria) |
If the guarantor has a $25 self-pay balance, a $20 payment does not reset the counter to 0 because even though the payment is greater than the $5.00 minimum flat dollar amount, it is still less than 100% of the self-pay balance. | If the guarantor has a $25 self-pay balance, a $20 payment resets the counter to 0 because the payment is greater than the $5.00 minimum flat dollar amount, even though it is less than 100% of the self-pay balance. |