Billing (Invoicing) Compared to Tracking Charges
| Billing (Invoicing) | Tracking Charges |
|---|---|
|
Charges added to an open invoice |
Charges tallied continuously by responsible party |
|
Processing closes the invoice |
No processing, reports show charges and receipts within a specified date range |
|
Invoices contain header (general) information and line item detail for each charge |
One level, like a list |
|
Optional Batch Reconciliation function matches receipts and adjustments to supporting paperwork |
Not reconciled |
|
Choice of 1500 Claim Form, UB Claim Form, or standard invoices |
Print statements, not invoices |
|
Receipts and adjustments applied to specific charge details |
Receipts and adjustments listed, not assigned to specific charges |
|
Aged accounts report facilitates collection activity |
No aging or support of collection activity |