The easy-to-use ORMED MIS Accounts Receivable Management Suite (ARMS) allows you to isolate high-risk receivables and improve cash management. It features an online interactive aged trial balance complete with collection management, transaction drilldown,
and multiple receivable sub ledgers
Ormed's comprehensive accounts receivable and client billing solutions work seamlessly with ORMED MIS Finance Management, and include the following modules:
The Ormed Chargemaster module facilitates the processing of batches of charge transactions
for services rendered.
Using tables created ahead of time, attributes like Service, Department, Service Level, Service Type, Guarantor Type, and Self Pay Type are easily assigned to activities. Charge batch transactions can be entered using the built-in Charge Entry functions, or via an HL7 interface from a clinical or ancillary application. This streamlined charge entry process minimizes errors, saves time, and ultimately has a positive impact on your organization's bottom line.
Price brackets are set up within services using attributes including Start and End Dates, Facility, Department, and Service Level, and can be further limited to a particular Self Pay Type, Guarantor Type, or Guarantor. Multiple price brackets can be set up for each service, providing greater flexibility for your pricing structure.
Finally, integration with the Ormed Activity Entry, AR Manager, Client Invoicing, and Billing modules
provides even more efficiencies across your organization's accounting processes.
With Chargemaster you can:
- Create a flexible pricing and accounting structure
- Adjust price brackets to be as generic or as specific as you need
- Effortlessly update multiple accounts and rates
- Minimize user errors using a streamlined charge entry process