Payment types describe how you might receive a payment. CareStack has the facilities to accommodate a variety of payment options, which will then be available for patients to provide the payment for treatments completed. Making sure that the practice accommodates numerous payment methods is a surefire way of ensuring more business. It could range from a simple cash transaction to a variety of Credit/Debit Cards or even custom types as suited for the practice.
To add a payment type for your practice, perform the steps below:
- Navigate to the System Menu > select Practice Settings > Payments & Billing > General.
- Select the Payment Types tab.
- Click + Add Payment Type.
Enter the following information:
- Payment Type Name: The name required for the Payment Type to be referred to.
- Category: The category to which this payment type falls, namely Cash, Cheque, Credit/Debit Card, Direct Transfer, Income Reduction, and Special Credit. It should be noted that these are system-defined and can not be customised. We have kept this as such for reporting purposes.
- Reference No: A Reference number is included in the transactions as a method of identifying and searching for a transaction. Primarily used for card payments in insurance transactions.
- Include Payment Type In: Select the sections where you want the Payment Type to be listed. You can utilise the toggle to enable the payment type for the Payments and the refunds.
- A toast notification will appear on the top right stating, 'Payment type added successfully.'
Practices can use this simple guide to learn how to add payment types in CareStack.