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4M Superior Solutions

Calculate Your Savings

See your savings using our Electronic Fund Transfer (EFT) workflow.

Instructions: Complete the fields listed under "Enter Your Numbers Here". Do not use decimals.
Electronic Fund Transfer Average Provider Without EFT Average Provider Using EFT Enter Your Numbers Here Description
Number of Outstanding Accounts Annually 100 100
iTotal number of patient accounts with balances outstanding during the year.
Average Outstanding Balance Per Account $400 $400
$
iAverage unpaid balance carried by each outstanding account.
Total Amount of Money Outstanding Annually $40,000 $40,000 $40,000 iAnnual outstanding balance total before collections or EFT recovery.
Percentage of Outstanding Balances Never Recovered 45% 3%
%
iThe share of unpaid balances you never recover under your current process.
Annual Lost Revenue from Accounts Not-Collected $18,000 $1,200 $18,000 iEstimated revenue lost each year from unpaid balances under your current system.
Revenue from Outstanding Accounts Recovered Annually Using EFT $16,800 $16,800 $16,800 iEstimated additional revenue recovered by reducing unpaid balances with EFT.
Number of Patients Rejected Annually that Cannot Pay but Would Have Qualified for EFT 40 0
iPotential patients lost due to inability to pay upfront who could have used EFT.
Average Amount Billed to Each New Patient $700 $700
$
iAverage revenue opportunity for each new patient visit or case.
Annual Revenue Lost Due to Rejected Patients as a Result of Credit Risk $28,000 $0 $28,000 iRevenue lost because qualified patients could not be served without a payment plan option.
Revenue From Credit Risk Patients Annually Using EFT $28,000 $28,000 $28,000 iRevenue that may be captured by converting rejected credit-risk patients to EFT plans.
Total Combined Income From EFT Annually (Outstanding Balances + Credit Risk Accounts) $44,800 iCombined benefit from recovering more balances and saving more patient revenue through EFT.
Outstanding Balance Total $40,000
Recovered From Outstanding Accounts $16,800
Total Combined Income $44,800