- Revenue Cycle Management
- COVID-19
- Reimbursement
- Diabetes Awareness Month
- Risk Management
- Patient Retention
- Staffing
- Medical Economics® 100th Anniversary
- Coding and documentation
- Business of Endocrinology
- Telehealth
- Physicians Financial News
- Cybersecurity
- Cardiovascular Clinical Consult
- Locum Tenens, brought to you by LocumLife®
- Weight Management
- Business of Women's Health
- Practice Efficiency
- Finance and Wealth
- EHRs
- Remote Patient Monitoring
- Sponsored Webinars
- Medical Technology
- Billing and collections
- Acute Pain Management
- Exclusive Content
- Value-based Care
- Business of Pediatrics
- Concierge Medicine 2.0 by Castle Connolly Private Health Partners
- Practice Growth
- Concierge Medicine
- Business of Cardiology
- Implementing the Topcon Ocular Telehealth Platform
- Malpractice
- Influenza
- Sexual Health
- Chronic Conditions
- Technology
- Legal and Policy
- Money
- Opinion
- Vaccines
- Practice Management
- Patient Relations
- Careers
Online tool allows EFT enrollment with multiple payers through single process
A look at a new online tool that helps set up EFT enrollment in one process.
In 2014, payers must offer electronic funds transfer (EFT) under the requirements of the Affordable Care Act, and Medicare will reimburse providers only through EFT.
CAQH has released a universal EFT enrollment tool that aims to create efficiencies and cost savings by eliminating the need for providers to sign up for EFT capabilities separately for each plan in which they participate. It also can reduce paperwork and time spent on printing, mailing, and receiving checks; lower lockbox fees; and enable tighter security on transactions.
Participating payers, such as Aetna and Cigna, support the operations of the service through an annual participation fee, so use of the service comes at no cost to providers.
CAQH; 202-861-1492; www.solutions.caqh.org
