CALCULATE ADDITIONAL REVENUE

See Your Savings Using Our Electronic Fund Transfer (EFT).

Instructions: Complete the fields listed under "Enter Your Numbers Here". Do not use decimals. To request a detailed analysis of EFT and/or complete billing cost analysis for your practice, please contact us today!

Electronic Fund Transfer	Average Provider Without EFT	Average Provider Using EFT	Enter Your Numbers Here
Number of Outstanding Accounts Annually	100	100
Average Outstanding Balance Per Account	$400	$400	$
Total Amount of Money Outstanding Annually	$40,000	$40,000
Percentage of Outstanding Balances Never Recovered	45%	3%	%
Annual Lost Revenue from Accounts Not-Collected	$18,000	$1200
Revenue from Outstanding Accounts Recovered Annually Using EFT	$16,800
Number of Patients Rejected Annually that Cannot Pay but Would Have Qualified for EFT	40	0
Average Amount Billed to Each New Patient	$700	$700	$
Annual Revenue Lost Due to Rejected Patients as a result of Credit Risk	$28,000	$0
Revenue From Credit Risk Patients Annually using EFT	$28,000
Total Combined Income From EFT Annually (Outstanding Balances + Credit Risk Accounts)	$44,800

The Average Number of Outstanding Accounts Annually.

The Average amount of Outstanding Balance Per Account.

Total of Outstanding Balances Annually is the result of multiplying Number of Number of Outstanding Accounts Annually and Average Outstanding Balance Per Account.

Percentage of Outstanding Balances Never Recovered without using EFT is 45% in compare with 3% using EFT. Feel free to enter the rate using your current system.

Annual Lost Revenue from Accounts Not-Collected is calculated by multiplyingTotal Amount of Money Outstanding Annually by Percentage of Outstanding Balances Never Recovered.

By deduction Annual Lost Revenue from Accounts Not-Collected using EFT from Annual Lost Revenue from Accounts Not-Collected without using EF the Revenue from Outstanding Accounts Recovered Annually Using EFT is calculated.

Number of Patients Rejected Annually that Cannot Pay but Would Have Qualified for EFT.

Average Amount Billed to Each New Patient.

Annual Revenue Lost Due to Rejected Patients as a result of Credit Risk is calculated by multiplying Number of Patients Rejected Annually that Cannot Pay but Would Have Qualified for EFT by Average Amount Billed to Each New Patient

Revenue From Credit Risk Patients Annually using EFT is calculated by Annual Revenue Lost using EFT system from Annual Revenue Lost without using EFT system

Total Combined Income From EFT Annually (Outstanding Balances + Credit Risk Accounts.