A notification indicating that settlement for goods or services rendered is expected when those goods or services are provided. This is commonly seen in healthcare facilities, retail establishments, and various service industries. For example, a dentist’s office may display such a notification at the reception desk to inform patients that they are required to pay their copayment or outstanding balance upon completion of their appointment.
Implementing immediate payment policies enhances cash flow management and reduces administrative overhead associated with invoicing and collections. Historically, businesses relied on deferred payment systems, which often led to delayed revenue and increased risk of non-payment. The adoption of prompt payment expectations has evolved to improve financial stability, foster transparency between service providers and clients, and ensure the sustained delivery of essential goods and services.
