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, and beyond.

Benefits to EFT include:

ON-TIME PAYMENT. No more waiting for patients to write a check. The patient's account is debited on the due date, and funds are then deposited directly into the clinic's bank account.

LESS PAPERWORK. EFT reduces the need to mail invoices and manual bank deposits. 

INSUFFICIENT FUNDS CONTROL. Returned items are immediately identified and resubmitted electronically.

PAYMENT TRACKING. Payments can be made on specified dates and for specified amounts while being electronically tracked.

AUTOMATION & CONVENIENCE. Once information is set up in the software, collection of funds and bank deposits are automatic.