Electronic Fund Transfer (EFT)
The waiting room is overflowing with patients, but so is your overdue receivables. More than 30 percent of Americans don't have health insurance. Those that do still often pay 20 percent. Many doctors don't collect 50 percent of the monies owed them. Indeed, one doctor said 69 percent of his receivables were more than 90 days past due. Many doctors often carry tens of thousands of dollars on their books, knowing there's a good chance they'll never see this money. WE CAN HELP!
EFT is the transferring of funds from one bank savings or checking account to another account. This electronic transfer process is also know by the following names: Funds Sweep, Direct Debit, Direct Credit, and Direct Deposit, Automatic Checking, Automatic Payment, ACH Processing, etc.
This service allows for electronic transfer of funds from your patient's bank account directly into your account! EFT provides these benefits:
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