Healthcare EFT Resources
It’s easy for medical and dental providers to be paid electronically. The Healthcare Electronic Funds Transfer (EFT) standard supports HIPAA-compliant transactions between health plans and providers. Required information travels with the payment, simplifying accounting procedures and reducing administrative costs.
A healthy ACH Network makes payment processing less painful.
More Healthcare Claim Payments Made With ACH
Healthcare Payments by Volume
Value of Healthcare Claim Payments Made With ACH Growing
Healthcare Payments by Dollar Value
Nacha partners with the healthcare industry, using the Nacha Operating Rules and Guidelines to support the standardization of payments between health plans and providers. The adapted set of rules standardizes healthcare EFTs, which is critical to the healthcare industry’s payments operation.
By supporting the healthcare EFT standard, Nacha helped:
- Make EFT more efficient by leveraging the ACH Network and Nacha’s CCD+ as the healthcare EFT standard.
- Reduce administrative costs for doctors and hospitals.
- Save an estimated 800,000 pounds of paper by replacing paper checks with electronic transfers.
To develop new healthcare operating rules in support of the CCD+ standard, Nacha worked with the Committee on Operating Rules for Information Exchange (CORE), a part of the Council on Affordable Quality Healthcare (CAQH).
Nacha’s Rules, which were implemented in September 2013, allow us to identify and track healthcare payments via ACH and provide for the automatic reassociation of healthcare payments with payment information. Our rules, in conjunction with the healthcare industry operating rules for EFT and electronic remittance advice (ERA), will help result in the continued administrative simplification by health care providers and health plans.
Nacha developed resources for medical and dental practices to tap into the ACH Network and Healthcare EFTs to quickly and easily process electronic benefit claims, and also use it for payroll and to pay bills.