Priscilla Holland

While it's been in effect since January 2014, the Healthcare EFT Standard via ACH is still a source of confusion for many medical providers.

Thanks to the implementation of the Healthcare EFT Standard effective Jan. 1, 2014, which requires insurers to deliver EFT payments via ACH upon request, it's easier to transition than ever, especially if you use the following tips.

Organizations of all sizes can achieve cost savings and benefits from converting their claims reimbursements payments from paper checks to the healthcare EFT standard transaction. Here are some examples of those who did it.

It is important to both health plans and providers that the originator of an Electronic Funds Transfer (EFT) is easily and correctly identified, and that associated Electronic Remittance Advice (ERA) is sent in a timely manner, to eliminate the need for time-consuming follow-up.

If electronic funds transfer via ACH saves healthcare organizations' money and allows staff to focus on secondary billing and improve cash flow, why haven't more providers moved from check payments to EFT via ACH?

A new healthcare electronic funds transfer (EFT) standard went into effect at the beginning of 2014, and many healthcare professionals are reaping the benefits of time and money saved.

Does your organization have a planned response to virtual card claims payments by patients, and do you know your rights under the Affordable Care Act to a less expensive form of claims payment? It is important for providers to understand their rights under HIPAA and the ACA and make an educated decision.