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The two criteria that will determine the potential savings for your practice are bad debt reduction and interest savings on a reduced debtors' book.
Banks use debtors' days as a benchmark to measure how successful a practice is from a financial perspective because it is a measure of both book debt and revenue.
Our research has shown that the average debtors' days for a doctor would be between 30 and 60 days, i.e. between 1 and 2 months of revenue is outstanding at any particular time.
Our research has also shown that the average bad debt percentage for a doctor is between 5 and 10%.
Compare your practice's financial performance before and after
health
bridge.
Before healthbridge:
Debtors' days Calculation
Debt Calculation
Total Outstanding Book (age analysis)
enter R
Current % of Monthly Revenue Written Off
enter
%
NOTE: Only use numbers in these 3 fields, greater than 0.
Average Monthly Revenue
enter R
Your practice's debtors' days are
:
days
How do you compare to the industry average of between 30 and 60 days?
How do you compare to the
health
bridge average results of 14 days?
After healthbridge:
Your debtors' days would be around 14 days - a projected saving of:
Monthly
R
Annually
R
Your bad debt percentage would be around 2,5% - a projected saving of:
Monthly
R
Annually
R
Total anticipated saving utilising
health
bridge:
Monthly
R
Annually
R
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