Electronic Fund Transfer – EFT
EFT is the best way to collect money on time – ELECTRONICALLY!
Even when the waiting room is overflowing with patients, the doctor’s overdue receivables are often lagging. More than 30 percent of Americans don’t have health insurance. Those that do still often pay 20% co-insurance. Many doctors don’t collect 50% of the monies owed to them. Indeed, one doctor states that 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. Doctors know they’ll treat people who can’t or won’t be able to pay.
The Solution is EFT
EFT is the transferring of funds from one bank savings or checking account to another account. This electronic transfer process is also known as Funds Sweep, Direct Debit, Direct Credit, and Direct Deposit, Automatic Checking, Automatic Payment, ACH Processing, etc.
EFT software and ACH processing by Stagton Practice Management provide automatic payments for practices of all sizes. Our EFT software allows us, to process automatic deductions from the patient checking or savings account. These automatic deductions are pre-authorized for a specific amount and specific day of the month. The funds are then electronically deposited into the doctors’ accounts. For the patient, it’s a monthly bill that he or she can budget for, knowing they are staying on top of their bills. For the doctor, it a steady revenue stream of formerly uncollected payments. This process allows doctors to collect monies owed without harassing or alienating patients or waiting months.
We process the data through the ACH and deposit the money into the provider’s account on time! We provide complete and accurate reporting of every transaction. The Automated Clearing House (ACH) is the electronic network to which 95% of the nation’s banks belong to – including the Federal Reserve.
Click HERE to calculate your practice revenue.
Ready to streamline your patient engagement management?
Get started with Stagton
MD, DO, DDS, DC, DMD, DPM, ND, NMD, or OD
Non-Physician Provider (NPP)
PA, NP, PT, OT, SLP, RN, others
MORE WAYS TO SAVE
To learn more contact a solution consultant or Log In to your existing Stagton account and buy now.
Receive an additional discount when you sign up multiple providers.
Here to help you
Our mission is simple: to enable the success of your practice. From day one, we make it easy to get up and running with Stagton. Once onboarded, our support team is ready to make sure that your success continues. Free for Stagton customers.
Free Success Coach
Help to move your files
Support your way
PRACTICE MARKETING AND PATIENT ENGAGEMENT SOFTWARE – MADE EASY!
Start using Stagton today
Sign up for a demo of Stagton software or services
This one-on-one demonstration will walk you through a day in the life of how a provider, office manager, or biller use Stagton to make their practice more productive.
Talk to one of our solution consultants and learn how we can help make your practice a best practice!