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ValentaBPO > Outsourcing > Medical & Dental RCM > Electronic Fund Transfer

Electronic Funds Transfer

Improve Patient Billing with EFT

The waiting room is overflowing with patients, but so is your overdue receivables. More than 30 per cent of Americans don’t have health insurance. Those that do still often pay 20 per cent. Many doctors don’t collect 50 per cent of the monies owed to them. Indeed, one doctor said 69 per cent 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 receive this money.

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, etc.

Valenta's Electronic Fund Transfer Services

EFT Means On Time Payment

No waiting for patients to write a check. The patient's account is debited on the due date. Funds are then deposited directly into the clinic's bank account. No more "check is in the mail" excuses.

EFT Means Less Paperwork

EFT reduces the need to stuff envelopes and mail invoices. EFT also means no opening of envelopes and running to the bank to make deposits.

EFT Provides NSF Control

Returned items are immediately identified and resubmitted electronically.

EFT is Safe

Payments can be made on specified dates and for specified amounts and are electronically tracked.

EFT is Automatic & Convenient

Once information is setup in the software, collection of funds becomes automated. Our processing center does all the work and deposits the collected funds automatically into your bank account.

Why Valenta’s Electronic Fund Transfer?

An Extension of Your Team

Our specialist team are a true extension of your business, whereby we can customize solutions according to your current processes.

Security First

We are ISO 27001 certified and supported by cutting-edge technology and infrastructure to maintain patient privacy and confidentiality.

Software Expertize

Our team are highly experienced across all of the major software solutions for medical billing, ensuring we fit within your business, and we can start work immediately.

25+ Years Experience

Our EFT service is designed to complement your workflow ensuring you are more efficient and paid on time! We have extensive experience enabling us to fully understand your needs.

Peace of Mind with Valenta BPO

24x7 Support

We have a global presence with offices in Australia, UK, and US, backed by well-staffed delivery centres in Bangalore, Vizag, Ahmadabad and Mohali in India, and Penang in Malaysia enabling us to support you 24×7.

Local Managing Partners

We have a team of Local Managing Partners in the US who will provide the support and guidance you need to improve your business efficiencies and drive growth. Having a strong local presence allows us to provide the best business solutions for you as we understand the local business landscape.

Eliminate Hiring & Administration Costs

At Valenta BPO we offer outsourcing solutions that eliminate the need for you to invest in IT, HR, payroll, account management and admin tasks. On average, our Valenta BPO client's who outsource report a cost saving of up to 60%.

Flexible Engagements

We design solutions to meet specific client requirements and offer flexible engagement models. Our resources can be engaged full time, part time, or on a transactional basis without lock-in contracts.

What do our client's say?

  • Since engaging Valenta, we’ve been able to take on a much higher work load. We’ve been able to bring someone into the team for a lower cost, but without compromising on that quality of work. Outsourcing has been a great solution compared to hiring somebody locally. It’s a lot more cost effective and it’s easy to do.

    Natalie Gillies and Clare Harding
    Arthur J Gallagher
  • We have found Valenta’s service to be very professional, very capable and very timely. As a result, it’s increased our productivity and reduced our bottom line. We’ve had some very good cost savings with our outsourcing arrangement with Valenta. We found their cost is very competitive compared to the market which has benefited our bottom line.

    Tommy Laskaris
    Oracle
  • It’s really helped me gain scale and leverage on my most important business processes. If you find yourself running out of time, and you want to work with the best team you should consider Valenta BPO.

    Timothy J McNeely
    Lifestone Companies

Valenta’s Electronic Fund Transfer Solutions

General Practice and Dental

Tiered and fixed pricing based on practice analysis

Enterprise Level including Hospitals

Custom Solutions

Software Expertise

Book Free Electronic Fund Transfer Consultation

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