Glossary
Application¶
An application is a living document that tracks and manages the process of securing funding for your customers.
For more information about applications, click here.
Deferral¶
A deferral defines the number of months before the customer must start making payments. You may select your preferred deferral period during the approval steps. Changing the deferral period may affect the monthly payments.
For more information about deferrals, click here.
Expiration¶
An application's expiration date is the day on which the application will no longer be considered. If an application expires that you would still like to pursue, you may start a new application.
For more information about expirations, click here.
Guarantor¶
A guarantor is a person who will be responsible for making payments. You may add up to three guarantors, one which will be the primary. You must specify the primary when submitting the application.
For more information about guarantors, click here.
MedShift Contact¶
A MedShift contact is a person at MedShift responsible for assisting you throughout the application lifecycle.
For more information about updating your preferred MedShift contact, click here.
One-Time Fees¶
One-Time Fees are paid upfront rather than as part of the monthly payment. These include the down payment and startup fee.
For more information about one-time fees, click here.
Status¶
The status of an application represents its current lifecycle stage. After you create an application, it will move from one status to another as each step of the process is completed.
For more information about what each status means, click here.
Transfer Price¶
The transfer price is the amount to charge MedShift for the product. Each product configured for your organization has a range of valid transfer prices. These are the prices that MedShift will pay to purchase the product from your organization.