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Healthcare Firms’ Earnings Credit Rates Lag Market

Treasury Strategies, a division of Novantas, Inc. released its 2nd quarter Earnings Credit Rate benchmarks to our NDepth Bank Fee Analysis clients. Earnings Credit Rates are the balance-based allowances banks give their corporate customers to offset fees on treasury management services. The results showed some unusual patterns overall as well as striking findings for Healthcare companies:

  • ECRs varied widely among Healthcare organizations, even at identical balance levels.
  • ECRs for Healthcare organizations were lower than for other companies.
  • Balance Assessment Fees further depressed Healthcare returns.
  • Healthcare net earnings credits were more than 1.5 percentage points below other investment options including money market mutual funds.

New technology is now available to help corporate treasurers put in place world class bank fee management programs.  These bank fee analysis solutions such as NDepth empower financial officers to manage and benchmark their bank service fees, compensating balances, earnings credit rates and balance assessment fees.

In the past, companies had to wade through dozens of pages of account analysis statements or use early generation tools driven by complex bank service codes and EDI 822 files. With our NDepth Bank Fee Analysis solution, companies can now simply drag and drop their account analysis PDF files and see their results.

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