EFT Services
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.
How We Help With Electronic Fund Transfer Services
EFT allows for electronic transfer of funds from your patient’s bank account directly into your account! This electronic transfer process is also known by the following names: Funds Sweep, Direct Debit, Direct Credit, and Direct Deposit, Automatic Checking, Automatic Payment, ACH Processing, etc.
EFT MEANS ON TIME PAYMENT
With EFT, payments are automatically processed on the due date, eliminating delays. Patient account information is securely verified, and funds are transferred via ACH payment methods directly into your bank account, ensuring on-time deposits without the need for paper checks.
DIRECT DEPOSITS MEANS LESS PAPERWORK
Direct deposits eliminate the hassle of manually preparing and mailing invoices. EFT allows funds to be transferred electronically through ACH payment methods, reducing paperwork, streamlining transaction processing, and minimizing errors typically associated with paper check deposits and physical bank visits.
EFT TRANSFERS PROVIDE NSF CONTROL
EFT transfers offer effective NSF control by promptly flagging insufficient funds and automating resubmission. With clear account information and secure ACH payment systems, potential issues are identified immediately, reducing the risk of failed transactions and ensuring continuous fund flow.
EFT PAYMENT IS SAFE
EFT payments offer robust security by using encrypted transactions and verified account information. This payment method, integrated with automated clearing house technology, safeguards transfers of money and reduces risks associated with debit card transactions, ensuring your funds are securely processed.
EFT BILLING IS AUTOMATIC & CONVENIENT
Once your account information is set up, EFT billing automates payment processing with precision. Funds are transferred via ACH payment methods on scheduled business days, reducing manual errors, streamlining money transfers, and providing a convenient, secure electronic fund transfer services solution.
Contact Out EFT Payment Pros Now!
Are you looking for Medical Practice Management Solutions? Feel free to give us a call, email us or fill out the form below. We are here to answer any of your questions.
Why work with us?
We begin each relationship with understanding our customer’s needs. Open communication and transparency are at every stage of the partnership.
FAQ
How does the system ensure on-time payments?
By automatically debiting bank account information on the due date, our system transfers funds to ensure your financial institution receives payment. This approach minimizes delays, avoids paper checks, and employs an ACH process akin to a wire transfer for efficiency.
How does the platform reduce manual paperwork?
Our automated payment processing minimizes paperwork by managing bank account information and invoicing. With online banking integration, electronic checks replace paper checks, and funds are transferred efficiently, reducing administrative burdens and eliminating the need for credit and debit card entries.
What security measures protect transaction processing?
Our system employs encryption and verification protocols to safeguard bank account information and secure the transfer of funds. The process is monitored by your financial institution, ensuring that even online banking transactions and credit and debit card payments remain protected.
Can the platform support various payment methods?
Yes, our platform supports multiple payment methods including ACH transfers, wire transfers, and various electronic payment options. ACH is a common type of EFT payment, efficiently moving funds and integrating with online banking to receive payments promptly and securely always.
How does the service facilitate smooth account transfers?
Our service efficiently transfers funds between accounts by securely processing bank account information. It facilitates smooth account-to-another transfers, working with your financial institution. The system also supports additional transactions involving credit and debit card details for a streamlined payment experience.
