Late Fee / Interest Assigner is an automated solution to charge patients a late / interest fee once a guarantor has received consecutive statements within a 60 day period for outstanding patient balance.

Late Fee / Interest Assigner will monitor guarantor statement activity, as guarantors receive two statements within a 60 day period of time, Late Fee Assigner will generate a late charge (flat rate or percentage of outstanding balance) and post the charge to the latest outstanding patient balance for the guarantor.  Late fees will continue to be assessed every 30 days (or as defined by customer) until balance is paid in full.

Late Fee will exclude guarantors currently on a payment plan.