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Electronic Fund
Transfer

Electronic Fund Transfer

Improve Patient Billing with EFT!

While your waiting room is bustling with patients, your overdue receivables may be piling up as well. Over 30% of Americans lack health insurance, and even those with insurance often only cover 80% of their medical expenses. Many doctors struggle to collect 50% of the money owed to them; one doctor reported that 69% of his receivables were more than 90 days past due. This means countless practitioners carry tens of thousands of dollars in receivables, with little hope of recovering those funds.

WE CAN HELP!

With Electronic Fund Transfer (EFT), funds can be electronically transferred from your patients’ bank accounts directly into yours. This efficient process is also known as Funds Sweep, Direct Debit, Direct Credit, Direct Deposit, Automatic Checking, Automatic Payment, ACH Processing, and more.

EFT Means On-time Payment

No more waiting for patients to write checks! With EFT, the patient’s account is debited on the due date, and funds are deposited directly into your clinic’s bank account. Say goodbye to “the check is in the mail” excuses.

EFT Means Less Paperwork

EFT minimizes the need for mailing invoices and handling paper checks. There’s no more opening envelopes or rushing to the bank for deposits.

EFT Provides Nsf Control

Returned items are immediately identified and electronically resubmitted, streamlining the collection process.

EFT Is Safe

Payments can be scheduled for specified dates and amounts, with transactions electronically tracked for your peace of mind.

EFT Is Automatic & Convenient

Once set up in your software, the collection of funds becomes fully automated. Our processing center handles all transactions, depositing the collected funds directly into your bank account without hassle.