AR MANAGEMENT

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Cash Receipts

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Trust Accounting

Cash Management

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Accounts Receivable Management for Healthcare

 

AR - Trust Accounting

Ormed Trust Accounting allows you to set up multiple trust accounts that track everything from personal valuables to cash balances and recurring charges for your residents.

With Ormed Trust Accounting you can:

  • Setup multiple user-defined trust accounts per patient (i.e., the user names the trust account categories and sets up as many different types as required for monitoring purposes)
  • Designate a minimum balance per trust account, per patient, with a replenishment report for monitoring accounts and informing patients or their families when additional funds need to be deposited
  • Process deposits and withdrawals into trust accounts in real-time
  • Track patient valuables
  • Automatically calculate interest for funds held in patient accounts
  • Fully integrated with the AR system to allow for payment from a trust account to cover outstanding charges
  • Easily generate reports that provide an audit trail of trust accounts, transaction history, and valuables

 

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