Loan Accounts Overview

This article is part of the systems administration guide. You will require administration access to view the pages mentioned in this article.

Overview

A Loan Account can be created from a Patient Account. They are specifically designed to meet the following needs:

• Handle PCI claiming when a business is loaning an invoice amount to a patient and the patient will re-pay the loaned amount at a later time; and,
• Re-define the use of Opening Balances to indicate where debit is being transferred to an external accounting system for collection.

Enable Loan Facility

1. Click Accounting > Main Choices.

If Loan Accounts are enabled on your CareRight system, users are presented with an option to specify a Loan Account when creating a new patient account. A Loan Account is identical to a Private Account except for the differences explained in this topic.