Regular Payment Plans

There is not a specific payment plan module, but any existing payment plans are visible in each patient’s Patient Overview module. If the patient doesn’t yet have a payment plan, one can easily be created in the same location.

One of the best features of the payment plan tool in QSIDental Web is the automatic calculation. Most patients know how much they can afford to pay each period. Enter the payment amount and QSIDental Web will calculate the number of payments. If the patient wants to pay over six months, QSIDental Web will calculate the amount of the payment.

As the payment plan is created, the figures are calculated and updated to reflect the entered information. Know what matters most to the patient and let QSIDental Web do the rest.

As the plan is built, consider the following elements:

• Amount Financed: The total amount that is being spread into the payment plan (Total Plan Amount – Downpayment Amount). Remember that the total plan amount comes from an individual patient balance, not the balance for the family or account.
• Interval: The frequency of the payments to be made on the plan, weekly, monthly, etc. The greater the frequency, the smaller the payment itself.
• Number of Payments: The number of payments that the patient or responsible party will need to make to fully pay off the balance.
• Periodic Payment: The amount of the payment the patient must make each period. (Amount Financed / No of Payments)

Once the regular payment plan agreement is in place, the patient will make the periodic payments as agreed. To facilitate the payments and to smooth the accounting process, the practice must generate these periodic charges and add to the patients’ ledgers.