Financial Applications
Patient Accounting
Trust Funds
Compudata Health Corporation’s
Trust Funds software module tracks all deposits and withdrawals
for each of your resident’s funds.
With our Trust Funds module, a user can select one of two
options for handling a resident’s income: the income may
be posted to the accounts receivable balance and a monthly allowance
automatically deposited to a trust fund OR the entire income may
be posted to the resident fund and during month-end billing the
portion applicable to room and board receivables automatically
withdrawn.
Our Trust Funds module features automatic interest calculation
if a facility has invested funds in an interest-bearing account.
It also produces quarterly and interim resident fund statements
and the quarterly and annual resident fund deposit and withdrawal
figures required.
Since a user has the capability to define multiple types of fund
accounts, this module can also be used to monitor burial funds
and other types of accounts.
Trust Funds Module Features
- Automatic interest calculation and distribution
- Automatic statement processing
- Multiple account type capability
- Interface with Accounts Receivable module
- Ability to send statements to multiple parties
- Online balance updates at time of entry
- Detailed viewing of resident history online
- Multiple reports utilizing various options with user-defined
dates
- Ability to enter notes regarding resident’s account
For more information on Compudata Health
Corporation’s Trust Funds module or other Financial
or Clinical Application software modules, e-mail
us today or call 800-326-9385 ext. 102. We look forward to hearing
from you.
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