ACH Can Help Dental Practices
American consumers and businesses make tens of billions of payments directly from their bank accounts each year using ACH. Most dental offices operate on tight budgets, and with COVID-19 impacting the way business is done, every dollar counts more than ever. ACH can help.
ACH Can Lower Costs
With ACH, businesses – including dental offices – can lower overall costs vs. other payment types.
What is ACH?
ACH transactions include:
- ACH Credit: An ACH transfer where funds are pushed into a bank account. The best example is used for payroll – Direct Deposit.
- ACH Debit: An ACH transfer where funds are pulled from a bank account. For example, when an individual sets up a recurring monthly payment for a mortgage or utility bill – or transit bill.
Dental EFT Statistics
Facts about electronic funds transfers (EFT) for the dental industry. (Source: 2020 CAQH Index)
- Dental EFT volume increased 93%
- Dental EFT comprised 23% of all dental claim payments, up from 12%.
- The Dental Industry spent 30% less on claim payment costs due to the greater usage of EFT.
- If the Dental industry made 100% of claim payments via EFT, it would save $438M.
ACH in Action
Electronic claim payments are ideal for dental practices of any size, especially smaller ones where time and personnel are at a premium. See how practices have used ACH to benefit their offices.
- Nacha Case Studies: Why Electronic Claim Payments Work for Dentists
- Signs of Hope, Even as Dentists Lag Doctors in Electronic Claim Payments
- Doctors Embrace ACH Claim Payments, But Dentists Have a Ways to Go
- [Podcast] The ACH Network is Not Just Payroll and B2B Transactions. It’s Branching Into New Segments, Too
- Electronic Healthcare Claim Payments Surge in 2021