EFT Reconciliation Services

Expert management of electronic funds transfers and insurance payments

Overview

Our EFT (Electronic Funds Transfer) reconciliation services ensure that all insurance payments are correctly received, recorded, and applied to patient accounts. We match EFT deposits with corresponding EOB (Explanation of Benefits) statements and resolve discrepancies to ensure accurate accounting.

What We Handle

EFT Processing: Receive and process all electronic payments
EOB Matching: Match EFT deposits with EOB statements
Payment Application: Post payments to correct patient accounts
Discrepancy Resolution: Investigate and resolve payment mismatches
Adjustment Coding: Proper coding of insurance adjustments
Bank Reconciliation: Match deposits to bank statements
Reporting: Monthly reconciliation reports and analysis

Why EFT Reconciliation Matters

  • Accurate Accounting

    Ensure all payments are correctly recorded and applied

  • Fraud Prevention

    Identify unauthorized or duplicate payments quickly

  • Find Lost Payments

    Recover payments that were never posted to accounts

  • Clean Records

    Maintain organized financial records for audits

Common Issues We Resolve

Payment Mismatches

EFT amount doesn't match EOB statement

Missing Deposits

Payments received by insurance but not received by practice

Duplicate Deposits

Same payment deposited multiple times

Posting Errors

Payments posted to wrong patient accounts

Service Information

PRICING

$299-$699/month

PROCESSING TIME

Daily processing

CARRIERS

All major insurance companies

TURNAROUND

Same day or next business day

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Ensure Perfect EFT Reconciliation

Let our experts manage your electronic payments and keep your finances perfectly reconciled.

Schedule Free Consultation