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