SigmaMD introduces a fully native payments solution integrated seamlessly within the EMR system. This integration facilitates a streamlined billing process directly connected to member care management, enhancing both operational efficiency and member experience. The Payments feature simplifies financial transactions, from membership management to invoice generation, all within one unified platform. This introductory article provides an overview of the Payments feature and its components.
Overview of Billing Components
Memberships
Membership Plans: Create and manage different membership plans that offer varied benefits and pricing to members.
Enrollment Links: Generate custom links that members can use to enroll in membership plans via a SigmaMD-hosted web page.
Coverage Policies: Define policies that determine the discounts or coverage provided under different membership plans.
Charge Items
Categories: Organize charge items into categories for easier management and reporting.
All Items: View and manage all charge items at once.
Discover more about Charge Items.
Accounting Periods
Group all transactions and invoices by month, with features to lock periods to prevent editing of past invoices. Read about Accounting Periods.
Reports
Invoices: Generate and view detailed reports on invoices created within the system.
Coming soon: Revenue, Payments, Deposits, Sales Taxes, Chargebacks, Disputes, and Monthly Statements.
Billing Settings
Configure global settings such as price markups, tax profiles, fees, and accounting period behaviors.
Member Chart Billing Page
Within each member's chart, there is a dedicated billing page where you can manage member-specific invoices, memberships, and insurance plan information. Also, add and manage payment methods like bank accounts and cards.
Member Mobile App Enhancements
Members now have enhanced capabilities within the SigmaMD mobile app, including:
- Payment Management: Members can manage their payment methods through the app, increasing security and reducing the workload to keep methods up to date.
- Invoices: View detailed charge items, change payment methods, pay invoices in advance, and track payment progress.
- Membership Details: Access and review details of their membership plans.
SigmaMD's Payments feature is designed to provide a seamless billing experience for both healthcare providers and members. By integrating comprehensive billing functionalities directly within the platform, SigmaMD ensures that financial management is efficient, transparent, and accessible. Stay tuned for more detailed articles on each component of the Payments feature to maximize the benefits of SigmaMD for your practice.
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