<< Click to Display Table of Contents >> Navigation:  »No topics above this level« Overview

This section will explain the statement process. The statement program consists of four weekly billing cycles, with each week referred to as a cycle and each cycle recurring every 28 days. Weekly Cycle Codes 1, 2, 3 and 4 are automatically assigned by the system based on the cycle that is being printed when an account is due to receive a First Time Statement. The aging status of an account is determined by Collect Codes (1, 2, 3, A and B), which are automatically assigned by the system if a payment is not made within the 28-day billing cycle.

 

Statements may also be printed on a monthly basis for accounts designated as Cycle 5 (long term patients/long term statements) and Cycle 6 (therapy patients/data mailers). These Cycle Codes have to be manually entered during registration.

 

Although Cycle Codes and Collect Codes are assigned by the system, they may be manipulated in order to adjust or speed up the aging process.