ORMED
MIS™
Finance Management for Healthcare
Accounts Receivable -- 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
 go to Accounts Receivable -- Manager
go to Accounts Receivable -- Client Invoicing
go to Accounts Receivable -- Cash Receipts
go to Accounts Receivable -- Activity Entry
go to Accounts Receivable -- Reporting
go to Accounts Receivable -- Cash Management
return to Accounts Receivable
return to Finance Management
return to ORMED MIS
Product Data Sheets
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