Electronic Medical Billing - PRECISION PRACTICE SOLUTIONS

Calculate Your Savings

Contact information

Address

7449 WASHINGTON ST. #501 | FOREST PARK, IL 60130

Email

sandi@precisionpracticesolutions.com

Phone

708-704-2251

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	Description
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	$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	$28,000
Total Combined Income From EFT Annually (Outstanding Balances + Credit Risk Accounts)	$44,800