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Finance charges may be applied to accounts based on the practice preferences. To work with finance charges, click Finance Charges.
Finance Charge Date: Set the date on which the finance charges will be calculated and applied.
Exclude Responsible Party Type: Responsible Party types describe or categorize responsible parties in a way that is useful to the practice. Specific responsible party types may be not be charged the finance charges. Select the responsible party types that should not have a finance charge applied.
Provider: Set the provider that should be associated with the finance charge.
Finance Charge details: Established in settings in Office Setup (Setup tab) and cannot be edited here.
Apply Finance Charge to: Select Patient Portion to calculate the finance charge based only on the patient portion. Select Total Balance to calculate the finance charge on the entire balance.
The finance charge may be limited to a specific dollar amount or to the percentage established for the office. Select the radio button beside the percentage to apply the percentage. Select the radio button beside Amount and type the amount to apply a dollar figure as a finance charge. Select the radio button beside Whichever is Greater to apply the larger amount—the calculation based on the percentage or the fixed dollar amount.
Click Apply to apply a finance charge to the accounts that will receive statements.