View Time Payment Entry screen.

Any patient account may be placed on Time Payments. Time payments may be calculated with interest, or interest-free. Time payments are set by clicking the Time Payments button while in the Account Entry screen. You may not set time payments while opening a new account and you will notice the Time Payment button will be disabled when opening a new account. You may come back to the Account Entry screen anytime after the account has been opened and the Time Payment button will be enabled. To set an account on time payments, click the Time Payments button. The Time Payments Entry screen will open.

Time Payment Questions
In setting up a time payment you will answer a series of questions. These items will now be discussed.

Cash Price For Services
The Cash Price is the total amount of the fees that have been charged, or will be charged to this account. This amount will include all the fees, even if there will be a down payment, and expected insurance benefits. This Cash Price amount is not the amount used in calculating the time payments. When an account is placed on Time Payments, all the members (patients) of that account are on time payments. Therefore, when calculating the Cash Price For Services, the procedures to be completed for all the members must be considered.

Cash Down Payment
If you are asking the patient to make a Down Payment, enter that amount here. If you are not requiring a Down Payment, just press Enter. The Down Payment amount will become the new Due Now amount for this patient's account. For example, if the Down Payment is going to be zero, then the Due Now amount will become $ 0.00. If the Down Payment is going to be $300, then the Due Now amount will become $300. This Down Payment amount becomes the Due Now, and it is due now, today. This amount starts aging from this day forward, and if not paid, will be considered late. Note that the Due Now amount cannot be larger than the Total Balance. Therefore you cannot make the Down Payment amount larger than what is the current Balance. For example, assume a patient comes in for the first time and you treatment plan $1000 worth of procedures. Your exam and radiographs were only $75, therefore the Balance on this first day is only $75. You decide to place the patient on time payments for 6 months with $200 down. You will not be allowed to do this since that would make the Due Now $200 with a Total Balance of only $75. In order to indicate a $200 down payment you must first post at least $200 in charges so the patient's Total Balance will be at least that large. In this circumstance you could go ahead and set up time payments if you leave the down payment out of the equation, saying the Cash Price For Services is $800 (instead of $1000), and that the Down Payment is zero.

Charges Covered By Insurance Plan
If you are accepting Assignment of Benefits and are expecting insurance money to cover part of the Cash Price for Service, enter the amount of the insurance benefit here.