ELECTRONIC FUND TRANSFER

IMPROVE PATIENT BILLING WITH EFT!

The waiting room is brimming with patients, but so are your overdue receivables. Over 30 percent of Americans lack health insurance, and even those with coverage often bear a 20 percent payment burden. Shockingly, many doctors fail to collect a substantial portion—up to 50 percent—of the funds owed to them. One physician disclosed that a staggering 69 percent of their receivables lingered past the 90-day mark. Consequently, healthcare providers frequently carry significant amounts on their books, uncertain if these funds will ever materialize.

FEAR NOT, WE HAVE A SOLUTION!

Enter EFT—the electronic transfer of funds directly from your patient’s bank account to yours! Also recognized as Funds Sweep, Direct Debit, Direct Credit, Direct Deposit, Automatic Checking, Automatic Payment, ACH Processing, and more, this electronic transfer process offers a swift and efficient solution to streamline your receivables management.

EFT MEANS ON-TIME PAYMENT
No waiting for patients to write a check. The patient’s account is debited on the due date. Funds are then deposited directly into the clinic’s bank account. No more “check is in the mail” excuses.

EFT MEANS LESS PAPERWORK
EFT reduces the need to stuff envelopes and mail invoices. EFT also means no opening of envelopes and running to the bank to make deposits.

EFT PROVIDES NSF CONTROL
Returned items are immediately identified and resubmitted electronically.

EFT IS SAFE
Payments can be made on specified dates and for specified amounts and are electronically tracked.

EFT IS AUTOMATIC & CONVENIENT
Once information is set up in the software, the collection of funds becomes automated. Our processing center does all the work and deposits the collected funds automatically into your bank account.